Acquisitions19 Sept 2025, 05:11 pm
Sree Metaliks Limited to Acquire 26% Stake in S.A.L. Steel Ltd for ₹ 25/- per Share
AI Summary
Sree Metaliks Limited is planning to acquire up to 3,76,39,342 fully paid-up equity shares of S.A.L. Steel Ltd, representing 26% of the expanded share capital, at a price of ₹ 25/- per share. This acquisition is being made in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer is not conditional upon any minimum level of acceptance and does not require any statutory approvals except for those mentioned in the document.
Key Highlights
- Sree Metaliks Limited to acquire 26% stake in S.A.L. Steel Ltd
- Acquisition of 3,76,39,342 equity shares at ₹ 25/- per share
- Compliance with SEBI (SAST) Regulations, 2011
- No minimum level of acceptance required
- Statutory approvals not required except for those mentioned in the document