Mukand stock has been buzzing around. The company produces both alloy steel as well as stainless steel. In an interview to CNBC-TV18, Rajesh V Shah, Co-Chairman & MD of Mukand spoke about the latest happenings in the company and his outlook going ahead.
About 1.9 percent Mukand shares traded in a block deal on the Bombay Stock Exchange on Thursday. Speaking to CNBC-TV18, Rajesh V Shah, Co-Chairman & Managing Director, Mukand says the deal was entirely just internal promoter transfer of shares.
In an interview to CNBC-TV18, Rajesh Shah, co-chairman & managing director, Mukund says the panel has approved the company‘s exit from corporate debt restructuring plan.
The new subsidiary of alloy steel business would focus on enlarging the business and making it global, said Rajesh Shah, Co-Chairman & MD, Mukand Ltd.
Rajesh Shah, co chairman and managing director, Mukand Limited says the company may bring in a strategic partner in the future for expansion. He further adds that no new money has come in.