Garg Furnace acquires 51.22% stake in Vaneera Industries
Vaneera Industries has become a subsidiary of the company
Garg Furnace has acquired 51.22% of the total issued and paid-up share capital of Vaneera Industries. Subsequent to this acquisition, Vaneera Industries has become a subsidiary of the company.
Earlier on September 7, 2024, the company had decided and approved to make strategic investment by acquiring not less than 51% equity stake in Vaneera Industries.
Garg Furnace is one of the northern India's leading alloy and non-alloy steel manufacturer.
