Acquisition History / Jindal Steel Ltd (via Jindal Steel Odisha) / Allied Strips Limited
Jindal Steel Ltd (via Jindal Steel Odisha) Acquires Allied Strips Limited
Announced April 3, 2025 — $24.6M
What happened
Allied Strips is an Indian steel products company. Jindal Steel's wholly owned subsidiary Jindal Steel Odisha acquired 100% of Allied Strips for a total cash consideration of Rs 217.53 crore, making it a subsidiary.
- Target
- Allied Strips Limited
- Announced
- April 3, 2025
- Price
- $24.6M
- Industry
- Steel strips manufacturing
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Jindal Steel Ltd (via Jindal Steel Odisha) acquire Allied Strips Limited?
Jindal Steel Ltd (via Jindal Steel Odisha) acquired Allied Strips Limited on April 3, 2025. This was Jindal Steel Ltd (via Jindal Steel Odisha)'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Jindal Steel Ltd (via Jindal Steel Odisha) pay for Allied Strips Limited?
Jindal Steel Ltd (via Jindal Steel Odisha) paid $24.6M for Allied Strips Limited.
What does Allied Strips Limited do?
Allied Strips is an Indian steel products company. Jindal Steel's wholly owned subsidiary Jindal Steel Odisha acquired 100% of Allied Strips for a total cash consideration of Rs 217.53 crore, making it a subsidiary.
What other Steel strips manufacturing companies has Jindal Steel Ltd (via Jindal Steel Odisha) acquired?
Allied Strips Limited is Jindal Steel Ltd (via Jindal Steel Odisha)'s only publicly tracked acquisition in Steel strips manufacturing so far.