Sambhv Steel Tubes Limited to Invest INR 7.52 Crore in Vajra Alloys Private Limited
Sambhv Steel Tubes Limited announced on April 1, 2026, that its Board of Directors approved an investment of approximately INR 7,51,56,927 in Vajra Alloys Private Limited. The company will acquire equity shares equivalent to 15% through a preferential allotment.Sambhv Steel Tubes Limited entered into a Share Subscription and shareholder’s Agreement with Vajra Alloys Private Limited on March 31, 2026, to record the terms of the investment.
Vajra Alloys Private Limited, registered in Chennai, Tamil Nadu, has an authorized share capital of INR 15,00,000 and a paid-up share capital of INR 9,50,000. The company is engaged in the manufacturing, processing, refining, and distribution of specialty metals and alloys. It has a net worth of INR 38.58 crore.
The acquisition is expected to be completed within 30 days and will be funded through a cash consideration of INR 7,51,56,927, representing 18,507 equity shares at a price of INR 4,061 per share. The investment will enhance Sambhv Steel Tubes Limited’s product portfolio and strengthen its position in the specialty materials market.
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