Acquisitions23 Mar 2026, 03:13 pm
Kamdhenu Ltd to Acquire Maa Kudargarhi Steels Pvt. Ltd for Rs. 10 Crore through Loan Conversion
AI Summary
Kamdhenu Ltd, a leading company in the steel industry, has approved the acquisition of Maa Kudargarhi Steels Pvt. Ltd (MKSPL) through the conversion of an existing unsecured loan of Rs. 10 Crore into 20,000 equity shares. The transaction does not involve any fresh capital infusion and is part of the company's strategic investment objective to acquire stake in some of its franchisee units. The acquisition is expected to be completed by 31st March, 2026.
Key Highlights
- Kamdhenu Ltd to acquire Maa Kudargarhi Steels Pvt. Ltd for Rs. 10 Crore through loan conversion.
- The acquisition does not involve any fresh capital infusion.
- The transaction is part of Kamdhenu Ltd's strategic investment objective to acquire stake in some of its franchisee units.
- Maa Kudargarhi Steels Pvt. Ltd is a company incorporated in 2004, engaged in the manufacturing of TMT bars & wire rods.
- The acquisition is expected to be completed by 31st March, 2026.