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| Exchange Received Time 23/08/2017 18:31:09 Exchange Disseminated Time 23/08/2017 18:31:13 Time Taken 00:00:04 | Technomet International FZE, a wholly owned subsidiary of Manaksia Steels Limited, has entered into a share purchase agreement dated 23rd August, 2017 for acquiring 99.9999% of the issued and paid-up capital of Federated Steel Mills Limited, Nigeria. It is proposed that the acquisition of the shares as contemplated under the agreement, will be completed subject to satisfaction of certain conditions. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 are as below:
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