Maharashtra Seamless jumps 4% on acquisition of USTPL – Business Today

Maharashtra Seamless, a DP Jindal Group company, surged nearly 4 per cent in early deals on Wednesday after it announced acquisition of United Seamless Tubulaar in a deal worth Rs 477 crore.

The stock rallied up today with an opening price of Rs. 444.80 against the previous close of 432.90 in BSE. The share price hit an intraday high of 449 on BSE and 448.9 on NSE.

On Tuesday, the company said that it has acquired USTPL under the corporate insolvency resolution process (CIRP) as approved by Hyd…

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