MoneyWorks4Me

Mukand’s promoters hike stake to 73.30%

20 Mar 2014 Evaluate

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.

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
View more..