JV/AcquisitionAcquisition
Asian Granito's Board has approved key strategic moves.
Asian Granito India LimitedASIANTILES · Filed with the exchange
The company will inject further capital into Harmony Surfaces Thailand Limited, its wholly-owned subsidiary, to bolster international presence and support business expansion in Thailand.
This investment aims to fund working capital for HSTL's operations, with Asian Granito retaining its 100% stake, anticipating a positive impact on consolidated operations.
Separately, the company is divesting a 25% shareholding in AGL Proteins Private Limited for Rs. 25,000, reducing its stake from 51% to 26% and reclassifying it as an associate company.
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