Wendt (India) has entered into agreement with Star Diamond Tools (Star) for acquisition of their Diamond Dresser Tool business on slump sale basis. The value of the transaction envisaged is approximately Rs 300 lakh and the conclusion of the transaction is subject to fulfillment of certain conditions in due course.
This acquisition of Star‘s diamond tools business is expected to strengthen Wendt India’s presence in Stationery dressing tool business and would help in enhancing the product basket. Star is a well known brand for diamond dressers like single point, chisels, blades etc. The transaction is expected to be closed in the fourth quarter of FY16.
Wendt India is a leading manufacturer of Super Abrasive Grinding wheels (Diamond and Cubic Boron Nitride), Special purpose Grinding Machines and tools and precision components. It offers functionally superior Products and Services for Grinding and Machining Hard -To-Process Materials.
| Company Name | CMP |
|---|---|
| Carborundum Univers. | 1142.10 |
| Grindwell Norton | 2237.30 |
| Wendt (India) | 7556.50 |
| John Oakey & Mohan Ltd. | |
| Alirox Abrasives | |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: