JFE Shoji to acquire a minority stake in Arfin India.

JFE Shoji, a specialist metal processor, agreed to acquire a minority stake in Arfin India, a producer of aluminum and ferro alloy. Financial terms were not disclosed. “We are excited to collaborate with JFE Shoji India Private Limited to expand the reach of our aluminium products worldwide. With their proven track record and industry experience, we are confident that JFE Shoji India Private Limited will effectively represent our products and meet the diverse needs of the customers across all different regions. This deal would be in the overall interest of the Company and its all stakeholders," Jatin Shah, Arfin India Managing Director.