Kirloskar Ferrous Industries to acquires assets of pig iron plant of VSL Steels
Kirloskar Industries announced that the board of its subsidiary, Kirloskar Ferrous Industries has granted its in-principle approval for acquisition of movable and immovable assets relating to the pig iron plant of VSL Steels (the Seller) for a cash consideration of Rs. 155 crore payable in installments, subject to certain commercial conditions, necessary governmental or regulatory approvals and the approval of the Board of Directors and the shareholders of VSL Steels (Proposed Transaction).Powered by Capital Market - Live News