 "M&As nearly doubled to $100 billion in 2018; highest in value after 2013")
Indian-born British businessman, Sanjeev Gupta-led GFG Alliance completed the strategic acquisition of Adhunik Metaliks Ltd (Adhunik) and Zion Steel in a Rs 425 crore cash deal, making its entry in the Indian market.
Commenting on the acquisition, Executive Chairman of GFG Alliance, Sanjeev Gupta said, “Today marks an important milestone in our global steel strategy with the purchase of Adhunik Metaliks and our entry into India – one of the fastest-growing and most vibrant steel markets in the world. We see huge potential in this business through the introduction of our GREENSTEEL model to create a competitive, sustainable operation to
