Uttam Galva hit the upper circuit on Monday after Arcelor Mittal had taken a stake in Indian Steel Maker and also become Co-Promoter of the Firm. Entry of Arcelor Mittal is positive for the Company and also for Indian Steel Industries. The stock price is like to shoot past Rs120 open offer Mark. Arcelor Mittal acquire 35% stake in the Uttam Galva for Rs 500 crore.
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