Messer’s Orient Abrasives, SG Rajgarhia along with other promoters of Orient Refractories have entered into a share purchase agreement (SPA) with Dutch US Holding B.V. Netherlands, an entity wholly-owned by RHI AG, Austria for sale of 52,401,579 equity shares held by them in the company aggregating to 43.62% stake at a price of 43.00 per share. The proposed sale of shares as aforesaid is subject to various conditions precedent including regulatory approvals.
Other sellers under the sale purchase agreement include - Anisha Mittal, Bhavna Rajgarhia, Usha Rajgarhia, Ashwin Mittal, R.K. Rajgarhia, Prabha Devi Rajgarhia, RKR Foundation Trust, Rajgarhia Leasing & Financial Services and Rovo Marketing.
Orient Refractories, an ISO 9001 Quality Certified Company, is engaged in the business of manufacturing and selling of Refractories and Monolithics.
