Kalink Co. has hiked its stake in Steel Strips Wheels (SSWL) to 1.73% (2,69,275 equity shares). Kalink Co. has acquired 59,750 (0.38%) equity shares (13,015 equity shares in November 2017 and 46,735 equity shares in January, 2018) of the company through open market under Foreign Portfolio Investment. Beside above, Kalink Co. was also holding 2,09,525 equity shares in the company, which had been subscribed under Foreign Direct Investment on June 10, 2016.
Steel Strips Wheels (SSWL) is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches for scooters, passenger cars, utility vehicles and tractors. It supplies rims to almost all major manufacturers of two wheelers, three wheelers, four wheelers, tractors and heavy commercial vehicle.
