Deepti Alloy Steel to acquire 100% stake in Shankheshwer Infraproject

Deepti Alloy Steel has received an approval for investment to the extent of Rs 30.70 lakh in the equity shares of Shankheshwer Infraproject. The board of directors at its meeting held on February 24, 2016 has approved for the same.

As per the proposal, the company will acquire 100% equity shares comprising of 10,000 equity shares of Rs 10 each of Shankheshwer Infraproject at a price of Rs 307.05 per share.

Deepti Alloy Steel is currently involved in the business of manufacturing of TMT Bar and trading of all kind of iron and steel scraps.