Narayani Steels has made investment in Steel Exchange India by way of acquisition of 1,30,00,000 Equity Shares at a price of Rs 15.75 per Equity Share (at a premium of Rs 14.75 per Equity Share), aggregating upto Rs 20.47 crore for cash consideration by way of a preferential issue on a Preferential basis (Preferential Issue).
Narayani Steels is engaged in trading and manufacturing of hot rolled long products of value added steel.