Shah Alloys Completes Partial Sale of SAL Steel Shares
Shah Alloys Limited has completed the transfer of 1,07,56,989 equity shares of SAL Steel Limited to Sree Metaliks Limited. This action is in accordance with the Share Purchase Agreement (SPA) previous...
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Why is Shah Alloys Limited in the news today?
Shah Alloys Limited (SHAHALLOYS) is in the news due to the announcement details a partial fulfillment of a previously disclosed share sale agreement. while it signifies a transaction completion, it does not contain information that would inherently create positive or negative market sentiment on its own.
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Shah Alloys Completes Partial Sale of SAL Steel Shares
December 26, 2025, 03:10 PM
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Shah Alloys Limited has completed the transfer of 1,07,56,989 equity shares of SAL Steel Limited to Sree Metaliks Limited. This action is in accordance with the Share Purchase Agreement (SPA) previously executed between Shah Alloys Limited, SAL Care Private Limited, Sree Metaliks Limited (Acquirer), and SAL Steel Limited (Target Company). The SPA involved the sale of a total of 3,02,56,989 equity shares held by Shah Alloys in SAL Steel Limited.
Disclosures pertaining to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and SEBI (Prohibition of Insider Trading) Regulations, 2015, have been made to the relevant stock exchanges and the Target Company. This update follows the company's earlier intimation on September 04, 2025, regarding the execution of the SPA.
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