Asian Granito Completes 26% Stake Acquisition in Allomex Steel, Making it an Associate Company
Asian Granito India Limited (ASIANTILES) has successfully completed the acquisition of a 26% equity stake in Allomex Steel Private Limited (ASPL). This acquisition, finalized on December 31, 2025, fol...
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Why is Asian Granito India Limited in the news today?
Asian Granito India Limited (ASIANTILES) is in the news due to the company has successfully completed an acquisition, which is generally viewed as a positive strategic move for growth.
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Asian Granito Completes 26% Stake Acquisition in Allomex Steel, Making it an Associate Company
December 31, 2025, 10:47 AM
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More Details on This News
Asian Granito India Limited (ASIANTILES) has successfully completed the acquisition of a 26% equity stake in Allomex Steel Private Limited (ASPL). This acquisition, finalized on December 31, 2025, follows the company's earlier intimation on December 3, 2025, regarding the proposal.
Consequent to this transaction, Allomex Steel Private Limited has now become an associate company of Asian Granito India Limited.
The company has submitted the required information to the stock exchanges as per SEBI regulations, referencing their earlier submission on December 3, 2025. This update is also available on the company's official website.
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