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.
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy's assets grew by 41 per cent during the last five years at Rs 529.50 crore while he declared an income of Rs 57.75 crore for the year 2022-23.