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Usha Martin’s arm to acquire 50% share capital of TUWCL

15 Jan 2024 Evaluate

Usha Martin’s subsidiary -- Usha Siam Steel Industries Public Company (USSIPCL) has entered into an agreement to acquire 50% of the share capital of Tesac Usha Wirerope Company (TUWCL), a step-down joint venture of the Company from Kobelco Wire Company. Post this acquisition, TUWCL will become a subsidiary of USSIPCL and a step-down subsidiary of the Company. Cost of acquisition is Baht 74.45 million.

Usha Martin is one of the world’s leading manufacturer of wire rope.

Usha Martin Share Price

438.95 -4.90 (-1.10%)
23-Apr-2026 16:59 View Price Chart
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