Greenlam Industries’ wholly owned subsidiary -- Greenlam Asia Pacific has received approval for acquisition of 100% shares of Decolan SA, a company incorporated in Switzerland. On completion of the aforesaid acquisition, Decolan SA will become a wholly owned (direct) subsidiary of Greenlam Asia Pacific incorporated in Singapore and a wholly owned (step-down) subsidiary of Greenlam Industries.
The cost of acquisition is worth CHF1 million. The board of directors of the company as approved the same in the meeting held on February 13, 2019.
Greenlam Industries is one of the leading laminate manufacturers and Asian market leader in decorative laminates. It is a decorative Laminates manufacturer which ensures superior design, quality and systems.
| Company Name | CMP |
|---|---|
| Greenlam Industries | 225.30 |
| Stylam Industries | 2239.95 |
| Rushil Decor | 16.75 |
| Euro Pratik Sales | 257.35 |
| Alfa Ica (India) | 80.40 |
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