Intel Details

Pakistan: Aisha Steel, Marubeni enter into strategic alliance

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30 Sep 2021, 17:43 IST
Steel Mint Intel

Pakistani steel major Aisha Steel Mills Ltd (ASML) has signed a trade development agreement (TDA) with Japanese steel producer Marubeni-Itoch Steel Inc. (MISI). MISI has purchased 38,276,000 ordinary shares of ASML, which constitute 4.69% of the latter's issued share capital, thereby gaining access to the Pakistani steel market. Moreover, MISI will be supplying or procuring raw materials on a mutual benefit basis.

30 Sep 2021, 17:43 IST
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