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S.A.L. Steel Ltd. ( (IN:SALSTEEL) ) has shared an update.
S.A.L. Steel Ltd. announced a preferential allotment of 1,92,50,000 equity shares and 3,57,50,000 warrants to Sree Metaliks Limited, as disclosed under the SEBI (Prohibition of Insider Trading) Regulations, 2015. This strategic move, approved by the Board of Directors, could potentially enhance the company’s capital structure and market positioning, impacting stakeholders positively by expanding its equity base.
More about S.A.L. Steel Ltd.
S.A.L. Steel Ltd. operates in the steel industry, focusing on the production and sale of steel products. The company is based in India and is involved in manufacturing steel products and related services, catering to various market needs.
Average Trading Volume: 106,340
Technical Sentiment Signal: Buy
Current Market Cap: 3.3B INR
Find detailed analytics on SALSTEEL stock on TipRanks’ Stock Analysis page.