Mukand has received approval to purchase additional 1,33,77,000 equity shares (49% of equity share capital) of Mukand Sumi Metal Processing (MSMPL) from Sumitomo Corporation, Japan (SC), on such terms and conditions as may be mutually agreed among the parties.
Post above purchase, the company’s shareholding in MSMPL would increase from 51% to 100% and eventually MSMPL would become the wholly owned subsidiary of Mukand. The objective of purchase is to further consolidate shareholding of the Company in MSMPL.
Mukand is a multi-division, multi-product conglomerate involved in the manufacture of specialty steel long products and heavy machinery.
| Company Name | CMP |
|---|---|
| Tata Steel | 190.05 |
| JSW Steel | 1227.70 |
| Steel Authority | 169.35 |
| Jindal Stainless | 697.65 |
| APL Apollo Tubes | 1782.00 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: