Shinagawa Refractories Co., Ltd. agreed to acquire 49% stake in SG Shinagawa Refractories India Private Limited from Grindwell Norton Limited for INR 80 million.
October 18, 2023
Share
Shinagawa Refractories Co., Ltd. (TSE:5351) agreed to acquire 49% stake in SG Shinagawa Refractories India Private Limited from Grindwell Norton Limited (BSE:506076) for INR 80 million on October 19, 2023. Shinagawa Refractories Co., Ltd. (TSE:5351) executed a Share Sale and Purchase Agreement to acquire 49% stake in SG Shinagawa Refractories India Private Limited from Grindwell Norton Limited (BSE:506076) for INR 80 million on October 26, 2023.
SHINAGAWA REFRACTORIES CO.,LTD. is a Japan-based company engaged in the manufacture and sale of refractories, the installation of furnaces and the leasing of real estate. The Company operates through three business segments. The Refractory and Related Product segment is engaged in the manufacture and sale of regular refractories, irregular refractories, mold powder, calcined lime, chemicals, refractory insulation bricks, ceramic fibers and fine ceramics. The Engineering segment is involved in the design and installation of furnaces. The Real Estate and Leisure segment is engaged in the leasing of real estate and the operation of golf courses, public bathhouses and hotels.
Shinagawa Refractories Co., Ltd. agreed to acquire 49% stake in SG Shinagawa Refractories India Private Limited from Grindwell Norton Limited for INR 80 million.
SHINAGAWA REFRACTORIES CO., LTD. 
