Investment11 May 2026, 05:21 pm
Graphite India Increases Stake in GrafTech to 9.79%
AI Summary
Graphite India Ltd has increased its investment in GrafTech International Ltd., a NYSE-listed company, through secondary market transactions under the Overseas Portfolio Investment (OPI) scheme. The company's stake has risen from 6.82% to 9.79% with an additional investment of ₹62.25 Crores, bringing the total investment in Graftech to ₹230.38 Crores. GrafTech is a leading manufacturer of graphite electrodes with a market cap of $241.98 million USD.
Key Highlights
- Graphite India invests ₹62.25 Crores in GrafTech International Ltd.
- Company's stake in GrafTech increases from 6.82% to 9.79%.
- Total investment in GrafTech till date is ₹230.38 Crores.
- GrafTech's market cap is $241.98 million USD.
- Acquisition is for investment purposes through secondary market transactions.