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Modern Steels completes sale of Business Undertaking to Arjas Steel

06 Jan 2022 Evaluate

Modern Steels has completed the transfer and sale of steel business, heat treatment business and auto component business (Business Undertaking), as a going concern on a slump sale basis, by way of a business transfer agreement (BTA), to a wholly owned subsidiary of Arjas Steel by the name of 'Arjas Modern Steel (Purchaser). Pursuant to the business transfer agreement (BTA) and approval of the AGM, the slump sale has been completed on January 5, 2022.

Modern Steels caters to the requirements of special & alloy steel, stainless steel, hot rolled bright bars for engineering, automotive, bearing and allied industries. 

Modern Steels Share Price

13.60 0.41 (3.11%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
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