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.
