Indsil Hydro Acquires Sree Mahalakshmi Smelters

DealCurry reported that Indsil Hydro Power and Manganese Limited (BSE:522165) completed a purchase of Sree Mahalakshmi Smelters Pvt Ltd.

As quoted in the market news:

Indsil will have a 51% stake in Sree Mahalakshmi, which will become a subsidiary of Indsil Hydro Power & Manganese Ltd. Upon acquisition the capacity will be enhanced to 13,200 TPY of silico manganese by way of a combination of de-bottlenecking and capacity modification measures.

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