"For Sicagen India, the partnership is a long-term investment and part of its comprehensive strategy to develop and expand its manufacturing capabilities," it said in a statement released today.
Bengaluru-based Danish Steel specialises in precision fabrication of stainless steel, carbon steel, mild steel and aluminium.
Sicagen will acquire 100 per cent equity stake from the existing promoters, in a phased manner, the company said.
"This acquisition by Sicagen India will help propel the company to exploit opportunities in high end/high precision steel and metal fabrication business and will also provide significant long term growth benefits," the firm said.
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