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.
