Peterhouse Investments Limited, a promoter, reduced its stake in Usha Martin Limited from 1.02% to 0.85% by selling 519,344 shares for ₹23.78 crore at ₹457.85 apiece in an open market transaction.
A manufacturer of steel wires, strands, wire ropes, and cords serving industrial applications across India. The company produces specialized wire products and related accessories for construction, mining, infrastructure, and marine sectors. Usha Martin also manufactures wire drawing machines and allied equipment used in steel processing. Its integrated production facilities and technical expertise in wire manufacturing distinguish it in the domestic market.
