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Mukand’s arm acquires remaining 81.30% stake in Adore

02 May 2018 Evaluate

Mukand’s wholly owned subsidiary -- Mukand Global Finance (MGFL) has acquired balance 81.30% equity shares in Adore Traders and Realtors (Adore) on April 30, 2018 at Re 1 per share. Consideration for acquisition of shares of Adore by MGFL has been paid in cash. Main objective of acquisition of Adore by MGFL is to streamline and growth of its operating business. MGFL was holding 18.70% equity shares in Adore.

Mukand is engaged in manufacturing of alloy and stainless steel long products.

Mukand Share Price

132.15 -0.90 (-0.68%)
29-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 189.60
JSW Steel 1231.70
Steel Authority 175.15
Jindal Stainless 682.50
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