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Manaksia Steels’ arm to acquire 99.99% stake in Federated Steel Mills

24 Aug 2017 Evaluate

Manaksia Steels’ wholly owned subsidiary - Technomet International FZE, has entered into a share purchase agreement for acquiring 99.9999% of the issued and paid-up capital of Federated Steel Mills, Nigeria. The proposed acquisition of the shares as contemplated under the agreement, will be completed subject to satisfaction of certain conditions.

Manaksia Steels is a manufacturer of value added secondary steel products. The company offers hot/cold rolled products of steel. It operates through Metals segment.


Manaksia Steels Share Price

70.91 3.01 (4.43%)
17-Apr-2026 16:59 View Price Chart
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