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Bansal Wire Industries acquires remaining 23.85% stake in Bansal Steel & Power

09 Aug 2024 Evaluate

Bansal Wire Industries has completed the acquisition by purchase of the remaining 23.85% stake in Bansal Steel & Power. Consequent to completion of this acquisition and other closing conditions as mentioned in the Share Purchase Agreement, the company’s shareholding in Bansal Steel & Power has increased from 76.15% (pre-acquisition) to 100% (post-acquisition) and Bansal Steel & Power has become a Wholly Owned Subsidiary of the company with effect from August 8, 2024. 

Bansal Wire Industries manufactures high and low carbon steel wires/ galvanized wire / cable armoring wires and strips / stainless steel wires / profile, shaped wires, speciality wires and so on which have multiple application.


Bansal Wire Inds. Share Price

323.25 2.90 (0.91%)
19-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 184.00
JSW Steel 1281.30
Steel Authority 172.50
Jindal Stainless 723.75
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