Acquisitions10 Jul 2025, 06:57 pm
Manbro Industries Announces Strategic Acquisitions to Strengthen its Steel, Recycling, and Infrastructure Businesses
AI Summary
Manbro Industries Limited, a BSE listed company, has announced the approval of three strategic acquisitions. These include a 51% stake in Shivam Pipe Industries, a leading manufacturer of MS Pipes, Galvanized Pipes, Steel Tubes, and Electric Steel Poles. The second acquisition is a 26% stake in KD Ecosystem, the first registered vehicle scrappage facility in Eastern India. The third acquisition is a 99.90% equity stake in KD Infrastructures Pvt. Ltd, which offers turnkey fabrication and infrastructure solutions. These acquisitions will help Manbro to foray into high margin value added steel products, enter into recycling of metal and non-metal business, and strengthen its engineered infrastructure components business.
Key Highlights
- Acquisition of 51% stake in Shivam Pipe Industries, a leading manufacturer of MS Pipes, Galvanized Pipes, Steel Tubes, and Electric Steel Poles.
- Acquisition of 26% stake in KD Ecosystem, the first registered vehicle scrappage facility in Eastern India.
- Acquisition of 99.90% equity stake in KD Infrastructures Pvt. Ltd, a provider of turnkey fabrication and infrastructure solutions.
- These acquisitions will help Manbro to foray into high margin value added steel products, enter into recycling of metal and non-metal business, and strengthen its engineered infrastructure components business.