Godawari Power & Ispat (GPIL) has signed a Share Purchase Agreement with Hira infraTek (HITL) on March 21, 2022 to acquire 44,54,621 equity shares of Hira Ferro Alloys (HFAL) from HITL at a price of Rs 224 per share.
Subsequent to acquisition of these 44,54,621 equity shares of HFAL from HITL, the GPIL's holding in HFAL shall increase from 56.45% to 75.66% of the paid-up capital of HFAL. The transaction will be completed within 10 days.
Godawari Power & Ispat is engaged in the production of sponge iron, steel billets, ferro alloys, HB wires, oxygen, fly ash bricks and is also in the power business.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1262.45 |
| SAIL | 180.60 |
| Jindal Stainless | 741.55 |
| APL Apollo Tubes | 1950.55 |
| View more.. | |
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