Maithan Alloys Expands Portfolio: Acquires Eloise Builders for ₹730 Million

Maithan Alloys Ltd, a leading ferro alloys manufacturer, has announced its latest strategic acquisition. The company is set to purchase Eloise Builders for ₹730 million, further diversifying its investment portfolio. This move aligns with Maithan Alloys' recent trend of expanding into various sectors, following its acquisitions of shares in companies like the National Stock Exchange and Electrosteel Castings. The acquisition of Eloise Builders is expected to strengthen Maithan Alloys' position in the construction sector and contribute to its long-term growth strategy.

Source: Press release from Maithan Alloys Ltd