Skip to main content

MoneyWorks4Me

Mukand sells entire shareholding in JVC for Rs 5.25 crore

15 Jan 2014 Evaluate

Mukand vide share purchase agreement dated January 11, 2014, has sold its entire shareholding in its erstwhile joint venture company (JVC) ‘Bekaert Mukand Wire Industries’ to Bekaert Industries for a sale consideration of Rs 5.25 crore. The company has sold 1.30 crore equity shares of JVC acquired at a cost of Rs 13 crore.

Mukand, earlier known as Mukand Iron & Steel Works, is engaged in manufacturing of alloy and stainless steel long products. The company operates in four segments namely steel, industrial machinery, road construction and other products.

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
View more..