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Metkore Alloys & Industries acquires 163,427 equity shares of Metkore Alloys Overseas

17 Aug 2013 Evaluate

Metkore Alloys & Industries has acquired a total of 163,427 equity shares of nominal value Omani Riyal 1 each in Metkore Alloys Overseas LLC EZC I, Sultanate of Oman, 200 shares being held by Prashant Boorugu.

Of these 163,427 equity shares, the company has transferred 83,250 equity shares of nominal value Omani Riyal 1 each to Takamul Investment Company SAOC Sultanate of Oman, who has entered into a joint venture with the company. Prashant Boorugu has sold his 200 shares to Takamul Investment Company.

Metkore Alloys & Industries is engaged in the manufacturing of high carbon ferro-chrome for use in the stainless steel industry.

Peers
Company Name CMP
JSW Steel 1345.00
Tata Steel 184.90
Steel Authority 169.80
Jindal Stainless 691.05
APL Apollo Tubes 2180.10
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