Steel Strips Wheels Limited (BSE:513262) signed a letter of intent to acquire Assets of Amw Autocomponent Limited on September 21, 2021. Completion of the transaction is subject to regulatory approvals including from the national company law tribunal. As on October 12, 2023, the transaction was approved by national company law tribunal. As of October 13, 2023, consideration for the transaction is INR 1.381 billion in cash and the transaction is expected to close within 90 days.

Steel Strips Wheels Limited (BSE:513262) completed the acquisition of Assets of Amw Autocomponent Limited on January 9, 2024.