Maharashtra Seamless has received approval from board of directors for acquisition of 56,00,000 Equity shares of Rs 10 each (41.82%) of United Seamless Tubulaar. The acquisition will consolidate its business of seamless pipes and tubes. Presently company holds 77,90,791 equity shares of Rs 10 each comprising 58.18%. After the proposed acquisition, the company will hold entire 100% equity capital of United Seamless Tubulaar. The Board of Directors of the company at its meeting held on February 2, 2022 has approved the same.
Maharashtra Seamless provides a whole range of high-class, customizable and innovative seamless pipes and tubes using state-of-art technology.
| Company Name | CMP |
|---|---|
| Tata Steel | 210.95 |
| JSW Steel | 1257.25 |
| SAIL | 176.45 |
| Jindal Stainless | 775.60 |
| APL Apollo Tubes | 2022.35 |
| View more.. | |
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