Carborundum Universal Acquisition Worth ₹28.78 Cr
Carborundum Universal will invest ₹28.78 Crore in its wholly-owned subsidiary, CUMI International Limited. This capital infusion supports the closure of a German subsidiary.
- Value
- ₹28.78 Cr
ALFA Filings
Every announcement, straight from the exchange
Every Carborundum Universal acquisition announcement on NSE and BSE, newest first, each with its own page.
Time
4 announcements
Carborundum Universal will invest ₹28.78 Crore in its wholly-owned subsidiary, CUMI International Limited. This capital infusion supports the closure of a German subsidiary.
Carborundum Universal completed a ₹6.48 Crore investment for a 29.58% stake in Putrim Renewables. This strategic acquisition follows an earlier power purchase agreement execution.
Carborundum Universal Limited is acquiring a 29.58% stake in Putrim Renewables Private Limited for ₹6.48 Crore. The investment aims to secure green solar power for the company's Tamil Nadu manufacturing facilities, aligning with its sustainability goals to reduce its carbon footprint.
Carborundum Universal Limited is acquiring a 29.58% stake in Putrim Renewables Private Limited for ₹6.48 Crore. This strategic investment, alongside a Power Purchase Agreement for 18 MWp of solar power, supports the company's ESG strategy to increase green power consumption at its Tamil Nadu manufacturing facilities.