 "steel")
Shares of Usha Martin hit a 52-week high of Rs 36.40 per share, up 16% on the BSE in the opening deal after Tata Steel has executed a definitive agreement for the acquisition of the company’s steel business through a slump sale on a going concern basis.
“The company has executed definitive agreements for sale of its steel business to Tata Steel or its subsidiaries through a slump sale on going concern basis for consideration being in the rage of Rs 43 billion – Rs 47 billion,” Usha Martin said on Saturday in a press release.
The closing
“The company has executed definitive agreements for sale of its steel business to Tata Steel or its subsidiaries through a slump sale on going concern basis for consideration being in the rage of Rs 43 billion – Rs 47 billion,” Usha Martin said on Saturday in a press release.
The closing
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