Sundaram Smile Fund has bought 4 lakh shares of Grindwell Norton through open market route. The shares were purchased on an average price of Rs 580 valuing the transaction to Rs 23.20 crore.
Grindwell Norton is India’s leading manufacturer of abrasives (bonded, coated, non-woven, superabrasives and thin wheels) and silicon carbide. It also manufactures and markets high performance refractories and performance plastics products. GNO’s Project Engineering Group (PEG), with its portfolio of diverse projects, is a proven engineering resource for Saint-Gobain companies in India and internationally.
