Mukand’s promoters have hiked their stake in the company to 73.30% from 54.30%. The promoters have increased the stake via rights issue.
As on December 31, 2013, the promoters holding in the company stood at 54.33% while institutions and non-institutions held 11.30% and 34.37% stake in the company, respectively.
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.
