Aichi Steel Corporation (TSE:5482) signed an agreement to acquire 11.4% stake in Vardhman Special Steels Limited (BSE:534392) for $7 million on August 27, 2019. The transaction is expected to be completed in late September 2019.

Aichi Steel Corporation (TSE:5482) cancelled the acquisition of 11.4% stake in Vardhman Special Steels Limited (BSE:534392) on August 27, 2020.