Sambhv Steel Tubes Revises Investment Details for Vajra Alloys Private Limited
Sambhv Steel Tubes Limited announced a revision to previously disclosed details regarding its investment in Vajra Alloys Private Limited, effective April 2, 2026. The adjustment corrects a typographical error in the earlier disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The revised disclosure indicates that the net worth of Vajra Alloys Private Limited is INR 0.10 Crores, a change from the previously stated INR 38.58 Crores. The note regarding the derivation of net worth based on a valuation report has been deleted.
Sambhv Steel Tubes Limited is acquiring a 15% stake in Vajra Alloys Private Limited for a cash consideration of INR 7,51,56,927, which equates to INR 4,061 per share for 18,507 equity shares. The acquisition is expected to be completed within 30 days.
Vajra Alloys Private Limited is engaged in the manufacturing, processing, refining, and distribution of specialty metals and alloys, with operations currently in India. The acquisition is intended to enhance Sambhv Steel Tubes Limited’s product portfolio and strengthen its position in the specialty materials market through leveraging combined technological expertise and expanded market access.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.