Sunflag Iron And Steel Company Limited
Vallabh Bhanshali bought 11,65,000 shares of Sunflag Iron And Steel for ₹34.95 Cr at ₹300 apiece in a block deal.
A steel manufacturer established in 1984, Sunflag Iron produces a diverse range of mild-steel and alloy steel products including carbon steel, free-cutting steels, and semi-free cutting steels. The company serves multiple industrial sectors with specialized spring steel and engineering-grade materials. Operating as part of the Sunflag Group, it manufactures high-quality steel products for domestic and international markets through vertically integrated operations.
Co-founded ENAM Securities in 1984 with Nemish Shah and went on to advise India's most iconic capital market transactions, the Infosys IPO (1993), Coal India's ₹15,000 Cr offering (2010), and dozens more. A CA and lawyer by training, former Reserve Bank of India board member, Axis Bank director, and founding trustee of FLAME University. The patriarch of one of India's most respected investing families, whose collective book (through Akash, Lata, and ENAM Holdings) is among the largest HNI equity portfolios in India.