MoneyWorks4Me

Usha Martin’s arm completes acquisition of 2.02% stake in USSIL

11 Dec 2024 Evaluate

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.

Peers
Company Name CMP
JSW Steel 1267.50
Tata Steel 182.85
Steel Authority 179.00
Jindal Stainless 755.20
APL Apollo Tubes 2153.00
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