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S.A.L. Steel Ltd. ( (IN:SALSTEEL) ) just unveiled an update.
S.A.L. Steel Ltd. has announced a pre-offer advertisement for an open offer by Sree Metaliks Limited to acquire 26% of its expanded share capital at Rs. 25 per share. The Independent Directors Committee has deemed the offer price fair and reasonable, though it is below the current market price. The acquisition aims to enhance operational efficiencies and position Sree Metaliks as a promoter of S.A.L. Steel Ltd.
More about S.A.L. Steel Ltd.
S.A.L. Steel Ltd. operates in the steel industry, focusing on the production and distribution of steel products. The company is positioned in the market to cater to various industrial needs with its steel offerings.
Average Trading Volume: 120,255
Technical Sentiment Signal: Buy
Current Market Cap: 3.64B INR
Learn more about SALSTEEL stock on TipRanks’ Stock Analysis page.