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Sandur Manganese to acquire balance 18.76% equity stake in SMPPL

16 Nov 2015 Evaluate

Sandur Manganese & Iron Ores has received an approval for acquisition of balance 18.76% comprising 1,73,75,000 number of equity shares of Star Metallics and Power (SMPPL) to make it a wholly owned subsidiary (WoS). The board of director at their meeting held on November 14, 2015 has approved for the same. The company is already holding 81.24% of the equity share capital of SMPPL.

Further, the board has accorded its approval for taking on lease, for a period of three years, the Ferro Alloy Plant and Captive Power Plant from its subsidiary SMPPL.

Sandur Manganese & Iron Ores is engaged in the business of low phosphorous, manganese and iron ores mining.


Sandur Manganese Share Price

218.35 0.65 (0.30%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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