Acquisitions31 Oct 2025, 10:02 pm
Standard Scigenics Private Limited, a Subsidiary of Standard Glass Lining Technology Ltd, Acquires Scigenics (India) Private Limited for Rs. 9,00,00,000
AI Summary
Standard Scigenics Private Limited, a subsidiary of Standard Glass Lining Technology Ltd, has entered into definitive agreements with Scigenics (India) Private Limited for the acquisition of its business as a going concern on a slump sale basis. The acquisition, valued at Rs. 9,00,00,000, reflects the company's continued commitment to growth and innovation, strengthening its product portfolio and expanding its footprint in the market. The acquisition is expected to be completed at the closing date after fulfilment of conditions precedent as per the terms and conditions mentioned in the definitive agreements.
Key Highlights
- Standard Scigenics Private Limited, a subsidiary of Standard Glass Lining Technology Ltd, acquires Scigenics (India) Private Limited
- The acquisition is valued at Rs. 9,00,00,000
- The acquisition reflects the company's continued commitment to growth and innovation
- The acquisition is expected to strengthen the company's product portfolio and expand its market footprint
- The acquisition is to be completed at the closing date after fulfilment of conditions precedent as per the terms and conditions mentioned in the definitive agreements