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Kalyani Investment acquires 9.75% stake in KCSSPL

23 Mar 2016 Evaluate

Kalyani Investment Company has acquired 2,930,218 equity shares of Kalyani Carpenter Special Steels (KCSSPL), representing 9.75% of equity capital, from Carpenter Technology Mauritius (CTM), wholly owned subsidiary of Carpenter Technology Corporation (CTC), USA.

KCSSPL is engaged in manufacture of speciality and alloy steels and having its plants at Pune and Ranjangaon. It is a joint venture between Kalyani Group and CTC, in which 74% was held by Kalyani Group and balance 26% by CTC.

Peers
Company Name CMP
Bajaj Finserv 1737.00
TVS Holdings 11500.70
Cholamandalam Fin. 1359.55
Altius Telecom Infra 172.00
Kama Holdings 2274.10
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