Orient Abrasives Limited (BSE:504879) acquired Orient Advanced Materials Private Limited from Manan Shah and Chetan Shah for INR 0.1 million on June 4, 2021. Under the term, Orient Abrasives Limited will acquire 0.01 million shares of Orient Advanced Materials Private Limited at INR 10 per share. Post completed, Orient Advanced Materials Private Limited will operates as a wholly-owned subsidiary of Orient Abrasives Limited. As of December 31, 2020, Orient Advanced Materials Private Limited reported turnover as nil. The transaction was approved by the board of directors of Orient Abrasives Limited on June 4, 2021. Orient Abrasives Limited (BSE:504879) completed the acquisition of Orient Advanced Materials Private Limited from Manan Shah and Chetan Shah on June 4, 2021.