Kalyani Steels Limited (BSE:500235) signed letter of intent to acquire Assets of Kamineni Steel & Power India Private Limited for INR 4.5 billion in a bankruptcy sale on January 10, 2024. The transaction is expected to close on May 7, 2024.

Kalyani Steels Limited (BSE:500235) completed the acquisition of Assets of Kamineni Steel & Power India Private Limited in a bankruptcy sale on February 10, 2024.