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Shyam Metalics and Energy enters into SPA with Dorite Tracon

09 Sep 2021 Evaluate

Shyam Metalics and Energy has entered into Share Purchases agreement (SPA) with Dorite Tracon and/ or Shyam Sel & Power to sell and transfer the entire equity stake held by company in Subsidiaries/ Step down Subsidiaries and Associate Company. The company has entered into Share Purchases agreement to sell and transfer the entire equity stake in Damodar Aluminium, Singhbhum Steel & Power, Renaissance Hydro power, Kalinga infra Project – Subsidiaries companies, Meadow Housing, Harshva Warehousing and Storage -- Step down Subsidiaries and in Kecon Trade care -- Associate Company. Pursuant to the same, all the above companies would ceased to be subsidiaries of the Company.

Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys.

Shyam Metalics&Ener Share Price

1073.35 -8.45 (-0.78%)
09-Sep-2026 16:59 View Price Chart
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