Asian Granito India Limited has informed the Exchange about Update on Acquisition
ASIANTILES · price
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Asian Granito India Limited has completed the acquisition of 26% of the paid-up equity share capital of Allomex Steel Private Limited (ASPL) on 31st December 2025. This follows the company's earlier intimation dated 3rd December 2025 announcing the proposal. As a result of this acquisition, ASPL has now become an Associate Company of Asian Granito. The transaction was carried out through purchase of equity shares from existing shareholders of ASPL.
This is a strategic diversification move for Asian Granito (primarily a tiles company) into the steel sector. Shareholders should note the company is now exposed to a new business vertical through its associate status. The relatively modest 26% stake means limited control but also limited financial risk, and the impact on near-term earnings may be minimal.