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Narayani Steels makes investment in Steel Exchange India

28 Apr 2023 Evaluate

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.

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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