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Indian-Commodity  :  Investment  :  Mukand's arm acquires remaining 81.30% stake in Adore

Mukand's arm acquires remaining 81.30% stake in Adore (02-May-2018)

Mukand's wholly owned subsidiary -- Mukand Global Finance (MGFL) has acquired balance 81.30% equity shares in Adore Traders and Realtors (Adore) on April 30, 2018 at Re 1 per share. Consideration for acquisition of shares of Adore by MGFL has been paid in cash. Main objective of acquisition of Adore by MGFL is to streamline and growth of its operating business. MGFL was holding 18.70% equity shares in Adore.

Mukand is engaged in manufacturing of alloy and stainless steel long products.


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