AM/NS completes ₹16,500 crore acquisition of port, power infra assets of Essar Group
21 November 2022
Steel maker ArcelorMittal’s arm AMNS India has concluded the acquisition of two port assets and a power plant from the Essar Group for a net value of about₹16,500 crore having received requisite corporate and regulatory approvals.
This transaction, fully funded by AM/NS India, follows an August agreement with Essar to acquire several power and infrastructure assets that are either captive or allied to AM/NS India’s operations and will strengthen the strategic integration of the company’s manufacturing and logistics chain.
Steel maker ArcelorMittal’s arm AMNS India has concluded the acquisition of two port assets and a power plant from the Essar Group for a net value of about₹16,500 crore having received requisite corporate and regulatory approvals.
This transaction, fully funded by AM/NS India, follows an August agreement with Essar to acquire several power and infrastructure assets that are either captive or allied to AM/NS India’s operations and will strengthen the strategic integration of the company’s manufacturing and logistics chain.
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.
Pre Ipo
Upcoming IPO
Unicorn
Planify Enterprises Private Limited
Planify Capital Limited
Licensed By
Mutual Fund License No.:
ARN-164419
IRDA Code (1):
ABLIC1003123454
IRDA Code (2):
ABLIC1003131639
Startup India Certificate No.:
DIPP93786
Other Websites
ⓒ 2016-2026 Planify. All rights reserved, Built with
in India
