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.
