Maithan Alloys has entered into an Agreement for purchase of 10 lakh Equity shares of National Stock Exchange of India (NSE) on December 26, 2023. The shares are proposed to be acquired through secondary market purchase and shall form part of current investment of the Maithan Alloys with view to reap the long-term/short-term investment benefits. However, in-Principal approval from National Stock Exchange of India is required in order to qualify for buying equity shares of NSE. The proposed cost of acquisition is Rs 324 crore. The indicative period for completion of the acquisition is on or before March 31, 2024.
Maithan Alloys engages in the manufacture and trading of ferro alloys in India and internationally. It also involves in the generation and supply of wind power.
| Company Name | CMP |
|---|---|
| Indian Metal & Ferro | 1533.65 |
| Maithan Alloys | 1035.80 |
| Nava | 602.55 |
| Indsil Hydro Power | 42.53 |
| Shyam Century | 5.00 |
| View more.. | |
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