Godawari Power & Ispat has acquired 37,79,220 equity shares of Alok Ferro Alloys (AFAL) at a fair value comprising of 78.96% of the paid-up capital of AFAL. The shares have been acquired at Fair Market Value i.e. Rs 336 per share. The objective of acquisition is to control majority stake in AFAL.
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 | 213.00 |
| JSW Steel | 1270.45 |
| SAIL | 183.00 |
| Jindal Stainless | 738.20 |
| APL Apollo Tubes | 1937.20 |
| View more.. | |
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