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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.
India
Sandur
Karnataka
Mumbai
Maharashtra
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Iron-ore
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