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Carborundum Universal concludes acquisition of 49% stake in CRIL

17 Oct 2014 Evaluate

Carborundum Universal has completed the acquisition of 49% equity stake of CRIL on October 16, 2014. With this acquisition, CRIL has become a wholly owned subsidiary of Carborundum Universal. The company had earlier executed a letter of intent (LoI) on August 04, 2014, with Cellaris, for the purchase of 6,725,250 equity shares representing the remaining 49% of the equity capital held by Cellaris in CRIL subject to necessary approvals.

Cellaris Refractories India (CRIL) was a joint venture between Carborundum Universal, India (CUMI) and Cellaris, Israel (Cellaris) set up for the production of light weight Alumina cell for refractory/insulation application.

Carborundum Universal is a fully vertically integrated Abrasives, Electro-minerals, Ceramics, Refractory Company with operations in Australia, Canada, China, India, Middle East, Russia, South Africa, Thailand and the USA.

Carborundum Univer. Share Price

939.95 56.30 (6.37%)
17-Apr-2026 16:59 View Price Chart
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