Vedanta Retreating from Steel Business, Plans To Sell Electrosteel
In 2018, Vedanta beat Tata Steel to take over Electrosteel at INR 5,320 crore. December 2, 2022 Vedanta Group has planned to exit the steel business. This move comes almost four years after the group decided to make big in the segment. As per a news report, Vedanta is planning to sell Electrosteel and focus […]
Ratnamani Metals & Tubes Takes Up Major Stake in Ravi Technoforge
The process of Ratnamani Metals’ acquisition in Ravi Technoforge will be made in three tranches. Ratnamani Metals & Tubes Ltd. has signed a definitive agreement for the acquisition of equity shares in Ravi Technoforge Pvt. Ltd. (RTL). The acquisition will be made in three tranches over the period based on the performance metrics and other […]
Tube Investments of India Ventures into Electronics Component Segment
Tube Investments has diversified its portfolio with the acquisition of Noida-based Moshine Electronics, which is aligned with its long-term growth plans. Tube Investments of India Ltd. (TII), a Murugappa Group company, has acquired a 76 percent equity stake in Moshine Electronics Pvt. Ltd. (MEPL), a company manufacturing camera modules for mobile phones. The take-over by […]
Tenaris Takes Over Steel Pipe Producer Benteler
The deal between Tenaris and Benteler is expected to be closed during the fourth quarter of the current year. Luxembourg-headquartered Tenaris S.A. is going to take over 100 percent of the shares of the US-based steel pipe producer Benteler Steel/Tube, for about USD 460 million. Benteler Steel/Tube, part of the group company – Benteler North […]
