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Sandur Manganese to acquire Arjas Steel for ₹3,000 crore

Sandur Manganese to acquire Arjas Steel for ₹3,000 crore
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Sandur Manganese to foray into speciality steel with buyout of Arjas Steel

Sandur Manganese will be buying an 80% stake in the company at an enterprises value of Rs 3,000 crore. It will spend around ?2,400 crore through a mix of equity and debt to buy Arjas Steel, of which around 25-30% will be debt.

Arjas Steel to invest Rs 610 cr to augment capacity to 5 5 L tonne

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