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S.A.L. Steel Ltd. ( (IN:SALSTEEL) ) just unveiled an update.
S.A.L. Steel Ltd. has announced a significant acquisition of shares by Sree Metaliks Limited, which involves the acquisition of 1,92,50,000 equity shares and 3,57,50,000 warrants. This acquisition represents a substantial 39.30% of the expanded share capital and 37.99% of the fully diluted share capital of S.A.L. Steel Ltd. This move is expected to have a notable impact on the company’s ownership structure and could influence its strategic direction and market positioning.
More about S.A.L. Steel Ltd.
S.A.L. Steel Ltd. operates in the steel industry, focusing on the production of steel and related products. The company is based in India and has its corporate and registered offices in Ahmedabad and Gandhinagar, respectively.
Average Trading Volume: 106,340
Technical Sentiment Signal: Buy
Current Market Cap: 3.3B INR
For a thorough assessment of SALSTEEL stock, go to TipRanks’ Stock Analysis page.