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S.A.L. Steel Ltd. ( (IN:SALSTEEL) ) has shared an announcement.
S.A.L. Steel Ltd. has disclosed that Sree Metaliks Limited has acquired 4.8 million equity shares in the company through the conversion of an equal number of warrants, increasing Sree Metaliks’ holding to 3.32% of S.A.L. Steel’s expanded share capital. The transaction, reported under SEBI’s takeover and insider trading regulations, signals a further capital infusion and stake consolidation by the acquirer, potentially strengthening S.A.L. Steel’s shareholder base and reflecting continuing investor interest in the company.
More about S.A.L. Steel Ltd.
S.A.L. Steel Ltd. is an Indian steel manufacturer based in Gujarat, operating from facilities in Gandhinagar and Kutch-Bhuj. The company produces steel and related products for industrial customers, with its shares listed on both the National Stock Exchange of India and BSE, making it a participant in the country’s organized steel and metals sector.
Average Trading Volume: 59,058
Technical Sentiment Signal: Buy
Current Market Cap: 3.62B INR
Find detailed analytics on SALSTEEL stock on TipRanks’ Stock Analysis page.