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New Deal


Announced

Completed

Tanmia completed the acquisition of a 19% stake in Al Rimal from Tata Steel.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For19%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Completed

real estate company

mining company

Friendly

Acquisition

Domestic

Minority

Single Bidder

Oman

Real Estate Holding and Development

Synopsis

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Oman National Investments Development Company, a government agency, completed the acquisition of a 19% stake in Al Rimal, a real estate company, from Tata Steel, an Indian multinational steel-making company. Financial terms were not disclosed. This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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