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Alliance Integrated Metaliks acquires 51% equity stake in ARGL, ACIL

26 Mar 2013 Evaluate

Alliance Integrated Metaliks has acquired 51% equity stake of total paid up equity share capital of ARGL (formerly known as Amtek Ring Gears) and ACIL (formerly known as Amtek Crankshafts (India)). Consequent to the above acquisition, Alliance Integrated Metaliks has become the holding company of ARGL and ACIL.

Alliance Integrated Metaliks is engaged in the manufacturing of steel with its concentration in manufacturing specialty steel and alloy products catering primarily to automobile applications and also for Industrial, Engineering Applications to a limited extend.

Peers
Company Name CMP
JSW Steel 1267.85
Tata Steel 187.45
Steel Authority 184.30
Jindal Stainless 746.15
APL Apollo Tubes 2192.65
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