Acquisitions4 Nov 2025, 01:46 pm
Indian Metals & Ferro Alloys Ltd Approves Asset Transfer Agreement with Tata Steel Limited and Declares Interim Dividend
AI Summary
Indian Metals & Ferro Alloys Ltd (IMFA) has approved the Asset Transfer Agreement (ATA) with Tata Steel Limited (TSL) for the purchase of Ferro Alloys plant of TSL situated at Kalinganagar, Odisha. The acquisition is in line with IMFA's strategy to drive the next phase of growth in its Ferro Alloys Business. The company also declared an interim dividend of INR 5.09 per equity share for financial year ending 31st March 2026.
Key Highlights
- IMFA approved the Asset Transfer Agreement with Tata Steel Limited for the purchase of Ferro Alloys plant.
- The acquisition is in line with IMFA's strategy to expand its Ferro Alloys Business.
- The transaction is expected to be completed in 3 to 6 months, subject to receipt of statutory approvals.
- IMFA declared an interim dividend of INR 5.09 per equity share for financial year ending 31st March 2026.
- The record date for reckoning the list of shareholders who shall be entitled to receive the said interim dividend is 11th November 2025.