Ashoka Metcast increases stake in Rhetan TMT to 89.3%

TAGS

Ashoka Metcast Limited, an Indian manufacturer of structural steel products, has acquired an additional stake of 3.03% in Limited (formerly Rhetan Rolling Mills), a steel construction company based in , for a sum of INR 2.8 crores.

The stake was acquired by converting a loan given by to Rhetan TMT into 40,0,000 equity shares.

See also  ArcelorMittal to acquire Brazilian steelmaking company CSP for $2.2bn

Ashoka Metcast has increased its stake to 89.39% in Rhetan TMT, which is engaged in manufacturing steel products such as TMT bars and MS bars.

CATEGORIES
TAGS
Share This