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S.A.L. Steel Ltd. ( (IN:SALSTEEL) ) has issued an announcement.
S.A.L. Steel Ltd. has disclosed that Sree Metaliks Limited has agreed to acquire a significant stake in the company, comprising 2,34,59,495 equity shares and 48,00,000 warrants, together representing 19.52% of the company’s expanded share capital under a share purchase agreement dated 4 September 2025. The transaction, notified under India’s takeover and insider trading regulations, signals a notable strategic investment in S.A.L. Steel, potentially reshaping its shareholder profile and influencing future governance and strategic direction, with implications for existing investors as the acquirer emerges as a substantial stakeholder.
More about S.A.L. Steel Ltd.
S.A.L. Steel Ltd. is an India-based steel manufacturer with corporate operations in Gandhinagar district and registered office in Ahmedabad, Gujarat. The company operates production facilities in Kutch-Bhuj and is listed on both the National Stock Exchange of India and BSE, serving the domestic steel and allied products market.
Average Trading Volume: 59,429
Technical Sentiment Signal: Buy
Current Market Cap: 3.55B INR
For detailed information about SALSTEEL stock, go to TipRanks’ Stock Analysis page.