MoneyWorks4Me

SWOT Trading buys stake in Maharashtra Seamless

26 Jun 2018 Evaluate

SWOT Trading and Services has acquired 9760 equity shares in Maharashtra Seamless for an amount of Rs 44.03 lakh through market purchase on June 19, 2018 and June 20, 2018. SWOT Trading and Services is the promoter of the company.

After this acquisition, the promoter’s stake has increased from 235740 equity shares or 0.35% to 245500 equity shares or 0.37%.

Maharashtra Seamless provides a whole range of high-class, customizable and innovative seamless pipes and tubes using state-of-art technology. The company also manufactures ERW Pipes and Coated Pipes. The company also engaged in the business of Wind Power, Steel Pipes & Tubes.  

Peers
Company Name CMP
JSW Steel 1268.00
Tata Steel 184.75
Steel Authority 180.00
Jindal Stainless 750.90
APL Apollo Tubes 2270.65
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