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Adhunik Metaliks to divest its stake in Neepz V Forge (India)

26 Apr 2012 Evaluate

Adhunik Metaliks has received an approval to sell its entire investment in one of its subsidiaries, Neepz V Forge (India). The board at its meeting held on April 25, 2012 has approved for the same.

Recently, the company had entered into a share purchase agreement for sale of its investment in one of its subsidiaries, Adhunik Power Transmission.

Adhunik Metaliks is the flagship company of the Kolkata-based Adhunik Group of Industries and is engaged in manufacturing of wide range of special steels used for different applications in the fields of automobile, construction and engineering. 

Peers
Company Name CMP
JSW Steel 1187.00
Tata Steel 167.25
Steel Authority 165.00
Jindal Stainless 688.40
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