Asian Granito India has received its board’s approval to transfer 30,75,000 Equity shares, constituting 9.46% of total share capital, of Astron Paper and Board Mill. Thus, the company’s present investment of 36.46% in Astron Paper will reduce to 27%. The company’s board gave approval for the same at the meeting held on March 31, 2017.
Asian Granito India is engaged in manufacturing of flooring solutions. It is one of the leading wall tile manufacturers in India. The company manufactures products such as wall tiles, vitrified tiles, ceramic floor tiles, marble and quartz stone and Aquart.