Announced Mon, 29 Jun · 11:32 IST

ASI Industries incorporates steel subsidiary ASI Steel and Energy

Listed Co AcquisitionStrategic Transactions View source PDF

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+1.4%1-day move

₹25.14

prior close

—

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+1.4-1.9-4.6-1.0-2.5-5.6-7.3———

Up moveDown movePending

AI summary

ASI Industries has incorporated a new subsidiary named ASI Steel and Energy Limited in Mumbai on June 26, 2026. ASIIL holds 75 percent stake via subscription of 75,000 equity shares of Rs 10 each at par, with the promoter group holding the remaining 25 percent. The subsidiary will explore setting up a TMT steel plant, diversifying from its core Kota Stone mining and processing business, citing growth in infrastructure and rising demand for steel. Initial investment is small at Rs 7.5 lakh.

Likely market impact

Diversification move into steel via 75 percent-owned subsidiary; small initial outlay of Rs 7.5 lakh; long-term upside depends on plant execution.