Sejal Glass Acquires Magnumtuff India's Business Undertaking

Sejal Glass Ltd has signed a Business Transfer Agreement (BTA) to acquire the business undertaking of M/s. Magnumtuff India Private Limited. The acquisition, on a slump sale basis, includes manufacturing facilities, technical know-how, intellectual property, brand name, goodwill, customer and vendor relationships, and employees. This strategic move aims to bolster Sejal Glass's manufacturing capabilities and expand its presence in the Architectural Glass and Automotive Glass segments. The acquired business undertaking is located in Belgaum District, Karnataka. Further documentation, including a Sale Deed for immovable properties, will be executed on the closing date.