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Board of Sandur Manganese & Iron Ores approves acquisition of 80% stake in Arjas Steel

Last Updated : Apr 26 2024 | 9:16 AM IST

At meeting held on 25 April 2024

The Board of Sandur Manganese & Iron Ores at its meeting held on 25 April 2024 has approved strategic business acquisition through purchase of 80% equity share capital of Arjas Steel (ASPL), by entering into a Share Purchase Agreement.

Accordingly, the Company has entered into the Share Purchase Agreement. Additionally, 19.12% (approx.) stake in Arjas Steel will be acquired by BAG Holdings Private Limited (an entity owned by Bahirji A. Ghorpade, one of the promoters of the company.

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