Grindwell Norton has executed Share Purchase agreement (SPA) with shareholders of PRS Permacel (PRS Permacel) on May 12, 2022, for the acquisition of 100% equity shares of the PRS Permacel. The acquisition will be completed on fulfillment of closing conditions. Post-acquisition, PRS Permacel will become a 100% subsidiary of the company.
Grindwell Norton is India's Leading Manufacturer & Exporter of Abrasives & Silicon Carbide.