Usha Martin’s wholly owned subsidiary -- Usha Martin Americas Inc. (UMAI) has completed acquisition of 2.02% of the share capital of Usha Siam Steel Industries Public Company (USSIL), a subsidiary of the Company from Kobelco Wire Company.
Consequent to the aforesaid acquisition, USSIL has become a step down wholly owned subsidiary of the Company.
Usha Martin is one of the world’s leading manufacturer of wire rope.