Greenlam Industries’ wholly owned subsidiary -- Greenlam Asia Pacific has acquired 100% shares of Decolan SA from Giovanni lurza, the sole shareholder. Consequently, Decolan SA has become a wholly owned (direct) subsidiary of Greenlam Asia Pacific and a wholly owned (step-down) subsidiary of Greenlam Industries.
The final consideration for the said acquisition of 100% shares of Decolan SA is CHF 1 and additionally Greenlam Asia Pacific has committed to take appropriate steps to release the guaranty up to Euro 575,000 given by Giovanni lurza to the banker of Decolan SA in connection with the credit facility being availed by Decolan SA,
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 | 227.70 |
| Stylam Industries | 2238.80 |
| Rushil Decor | 16.53 |
| Euro Pratik Sales | 256.60 |
| Alfa Ica (India) | 80.40 |
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