Maithan Alloys590078Subsidiary or JV
Maithan Alloys incorporates M&M Water Solutions, subscribes 80% for Rs. 4 Crore
By ScoutQuest · · 1 min read
80%Shareholding acquired
- Shareholding
- 80% shareholding
- Consideration
- Rs. 4 Crore paid for 40,00,000 equity shares of Rs 10/- each
- Incorporation date
- 17 October 2026
- Target
- M&M Water Solutions Private Limited
- Transaction
- New Subsidiary (Incorporation)
Maithan Alloys incorporates M&M Water Solutions, subscribes 80% for Rs. 4 Crore.
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Maithan Alloys buys 0.05% (234000 shares) of Sterlite Technologies for Rs. 20.08 Crore via stock exchange
22 Oct 2026
Maithan Alloys buys 439848 shares (0.09%) of Sterlite Technologies for Rs. 38.72 crore
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More numbers
- Cost of acquisition (total value)Rs. 4 Crore
- Equity shares subscribed40,00,000
- Face value per equity shareRs 10/-
- Shareholding acquired80%
- Authorised, issued, subscribed and paid-up capitalRs. 5 Crore
- Paid-up equity shares of Rs 10/- each50 Lakh
- Networth as at 17.10.20265 Crore
- ConsiderationRs. 4 Crore
Source: BSE · 17 Oct 2026
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