The Sandur Manganese & Iron Ores Limited (BSE:504918) agreed to acquire remaining 19.42% stake in Star Metallics and Power Private Limited on February 14, 2018. The transaction is subject to necessary statutory and regulatory approvals, Stock Exchange approval, National Company Law Tribunal and approvals of the respective shareholders and creditors. The transaction is approved by the board of directors of The Sandur Manganese & Iron Ores Limited. As of March 30, 2020, National Company Law Tribunal, Bengaluru bench approved the transaction. As of March 30, 2020, Star Metallics and Power Private Limited shareholders approve the deal.