MoneyWorks4Me

Mukand sells 48.30% of equity investment in Stainless India

07 Dec 2023 Evaluate

Mukand has transferred 48.30% of its equity investment in Stainless India (SIL) to India Thermal Power (ITPPL), for an aggregate consideration of Rs 66,78,600. Accordingly, SIL has ceased to be an associate company.

Mukand is a multi-division, multi-product conglomerate involved in the manufacture of specialty steel long products and heavy machinery.

Peers
Company Name CMP
JSW Steel 1215.70
Tata Steel 175.60
Steel Authority 171.25
Jindal Stainless 736.25
APL Apollo Tubes 2137.60
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