Kirloskar Ferrous to buy 51% stake in Indian Seamless Metal Tubes for Rs 477cr
Kirloskar Ferrous Industries (KFIL), an Indian castings and pig iron manufacturer, has signed a deal worth INR 476.63 crores to acquire a majority stake of 51.25% in Indian Seamless Metal Tubes (ISMT), an integrated specialized seamless tube manufacturer based in Maharashtra. The stake will be bought by subscription to Indian Seamless Metal Tubes’ equity shares […]