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MMTC transfers 49.78% stake of Neelachal Ispat Nigam

05 Jul 2022 Evaluate

MMTC has transferred its share of 49.78% of the issued and paid-up equity share capital of Neelachal Ispat Nigam (NINL) to Tata Steel Long Products (TSLP), the successful bidder selected through the two-stage auction procedure involving a competitive bidding process, run under the aegis of Department of Investment & Public Asset Management (DIPAM), for a consideration determined in accordance with and subject to the terms of the Share Purchase Agreement, Escrow Agreement and other related ancillary agreements (Definitive Agreements). MMTC has received consideration for the same.

Earlier, the company had executed a share purchase agreement to sell its entire stake in Neelachal Ispat Nigam to Tata Steel Long Products as part of the disinvestment drive of the government.

MMTC is a leading international trading company of India.

MMTC Share Price

74.56 -0.43 (-0.57%)
19-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 280.90
Amrapali Industries 42.31
Adani Enterprises 3037.90
Rashi Peripheral 752.80
PDS 338.40
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