Acquisitions26 Dec 2025, 09:14 pm
Sree Metaliks Acquires 19.52% Stake in S.A.L. Steel Ltd for INR 104 Crore
AI Summary
Sree Metaliks Limited has acquired 19.52% of the expanded share capital of S.A.L. Steel Limited. The acquisition includes 2,34,59,495 equity shares and 48,00,000 warrants, amounting to INR 104 Crore. The transaction is expected to classify Sree Metaliks as a promoter of S.A.L. Steel Ltd, ceasing the existing promoters' promoter status.
Key Highlights
- Sree Metaliks acquires 19.52% stake in S.A.L. Steel Ltd
- Transaction amount is INR 104 Crore
- Acquisition includes 2,34,59,495 equity shares and 48,00,000 warrants
- Sree Metaliks to become a promoter of S.A.L. Steel Ltd
- Existing promoters to cease their promoter status