IPRO Funds has reportedly sold 21 lakh shares or 1.47% stake of Uttam Galva Steels through the open market route. The shares were sold on an average price of Rs 68.50 valuing the transaction to Rs 14.38 crore.
Uttam Galva Steels is engaged in the business of manufacturing Cold Rolling (CR) Coils, Cold Rolled Close Annealed (CRCA), Galvanized Plain Products (GP) and Galvanized Corrugated Products (GC). Company has emerged as one of the largest manufacturers of cold rolled steel ('CR') and galvanized steel (GP) in Western India.
