Mstc Limited — Important, 24-10-2024: General Updates

MSTC Limited has approved the disinvestment of Ferro Scrap Nigam Limited (FSNL), contributing 57.83% of its turnover (Rs. 434.61 crores) and a net worth of Rs. 257.79 crores. The Share Purchase Agreement was executed, expecting completion within 60 business days. Konoike Transport Co. Ltd., a Japanese firm, is the buyer, and the transaction is valued at Rs. 320 crores, with no related party transaction implications.