Facor Alloys Ltd inks MoU with Rawmat Mining and Minerals

Facor Alloys Limited has executed a non-binding Memorandum of Understanding (MoU) on 3rd June 2025 with M/s. Rawmat Mining and Minerals, a partnership firm, for the proposed sale of certain assets subject to requisite approvals, situated at the Company’s premises in Shreeramnagar, District Vizianagaram, Andhra Pradesh, for meeting pressing and unavoidable liabilities.

₹10 Crores to be received as an advance, representing 20% of the indicative asset value, subject to adjustment based on due diligence findings, valuation reports and requisite approvals.

The buyer is M/s. Rawmat Mining and Minerals, a partnership firm engaged in developing mine sites and processing metallic minerals through operations such as crushing, grinding, washing, sintering, concentrating, and leaching. The buyer is not related to the promoter/promoter group.

Shares of FACOR ALLOYS LTD. was last trading in BSE at Rs. 3.47 as compared to the previous close of Rs. 3.50. The total number of shares traded during the day was 132646 in over 198 trades.

The stock hit an intraday high of Rs. 3.50 and intraday low of 3.45. The net turnover during the day was Rs. 462316.00.

Source : Equity Bulls

Keywords

FACORALLOYS INE828G01013 AssetSale MoU