AICA Kogyo completed the acquisition of a 40% stake in Stylam Industries for INR15.25bn.

Synopsis

AICA Kogyo, a materials manufacturer that produces functional materials and decorative building materials, completed the acquisition of a 40% stake in Stylam Industries, a manufacturer specializing in high-performance laminates designed for modern interiors, for INR15.25bn.

Principals

target

Stylam Industries

bidder

Aica Kogyo

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Market Context