Standard Glass Lining Technology Ltd to Acquire 51% Stake in C2C Engineering Private Limited for Rs. 12.24 Crores

Standard Glass Lining Technology Ltd has entered into a Terms Sheet for the acquisition of 51% of Equity Shares of C2C Engineering Private Limited, a Private Limited Company providing design and detailed engineering services and undertaking EPC contracts for clients in various industries. The completion of this acquisition is subject to fulfilment of the conditions in the SPA and other transaction documents. Upon successful completion, C2C Engineering Private Limited will become a Subsidiary Company of Standard Glass Lining Technology Ltd. The acquisition is expected to bring synergistic benefits, enable faster project execution, and enhance the Company’s innovation, quality, and competitiveness.