Mukand has executed Share Purchase Agreement (SPA) to sell /transfer 25,71,150 equity shares, constituting 5.51% of equity share capital of Mukand Sumi Special Steel (MSSSL), a Joint Venture of Bajaj Group, to Jamnalal Sons, a promoter group entity of the Company.
The aforesaid sale and transfer of the Sale Shares or consummation of the aforesaid SPA is subject to shareholders approval of the Company, third-party consents, statutory and regulatory approvals (including but not limited to Competition Commission of India), as applicable.
Mukand is a multi-division, multi-product conglomerate involved in the manufacture of specialty steel long products and heavy machinery.
