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Garg Furnace acquires 51.22% stake in Vaneera Industries
Aug-21-2025

Garg Furnace has acquired 51.22% of the total issued and paid-up share capital of Vaneera Industries. Subsequent to this acquisition, Vaneera Industries has become a subsidiary of the company. 

Earlier on September 7, 2024, the company had decided and approved to make strategic investment by acquiring not less than 51% equity stake in Vaneera Industries.

Garg Furnace is one of the northern India's leading alloy and non-alloy steel manufacturer.

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