Sambhv Steel Tubes Limited has informed the Exchange about Acquisition
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Sambhv Steel Tubes Limited has approved an investment of approximately INR 7.52 crore to acquire 15% equity stake in Vajra Alloys Private Limited through a preferential allotment. The company signed a Share Subscription and Shareholder's Agreement on March 31, 2026. Vajra Alloys, incorporated in November 2025, specializes in manufacturing and distributing specialty metals and alloys including nickel-based, cobalt-based, PH steels, high-speed steels, and titanium alloys for aerospace, defense, automotive, and energy sectors. The deal is expected to complete within 30 days and is not a related party transaction. The target company has a net worth of INR 38.58 crores based on a valuation report.
This acquisition positions Sambhv Steel Tubes to expand into high-growth specialty materials and advanced alloys markets with applications in aerospace, defense, and energy sectors. The ~INR 7.5 crore investment may provide cross-selling opportunities and supply chain synergies, though the impact on the stock will depend on how the market values the strategic fit.