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.
