04
Jan
13:09
Mukand exits special steel bar joint venture
The Competition Commission of India has approved Jamnalal Sons Private’s acquisition of a 51% stake in Mukand Sumi Special Steel (MSSS) from Mukand Limited. Both acquirer and seller are part of the Bajaj Group, Kallanish notes.
Jamnalal has subsequently purchased the first tranche of shares representing 30% of MSSS share capital for INR 7.13 billion ($97.7 million).
Jamnalal is an unregistered core investment company holding shares in various Baja…
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Very good overview of the weekly steel market.
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