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Mukand executes SPA to sell 5.51% stake in Mukand Sumi Special Steel

10 Mar 2023 Evaluate

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.

Mukand Share Price

133.10 -0.15 (-0.11%)
06-Jul-2026 16:59 View Price Chart
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