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Usha Martin gains after Thai subsidiary acquires stake in a wire company

Upon completion of the acquisition, will become a step-down subsidiary of Usha Martin

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Usha Martin s Thai Tango: Wire Ropes Venture in Acquisition Ballet

Synopsis:Usha Martin Ltd's Thai arm, Usha Siam Steel Industries Public Company Ltd, orchestrates a strategic dance, acquiring a 50% stake in Tesac Usha Wirerope

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Usha Martin s Thai subsidiary to acquire 50% stake in Tesac Usha Wirerope

The deal, valued at 74.45 million Thai baht, involves the purchase of 12,50,000 equity shares from Kobelco Wire Company Ltd. Shares of Usha Martin Ltd ended at ₹308.60, down by ₹11.80, or 3.68%, on the BSE.

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