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Asahi India Glass to purchase stakes in M/s AIS Adhesives, M/s AIS Distribution Services

25 Jan 2024 Evaluate

Asahi India Glass has planned to purchase 10,49,895 equity shares of M/s AIS Adhesives (AIA) from M/s Map Auto. The objective of the acquisition is to get access to downstream consumer retail market segment, which is poised for huge growth. The Company has a very good brand connect with consumers and has proven quality and service in glass adhesives for last 3 decades.

Acquisition of a retail consumer facing business line of AIS Adhesives will give a head-start to the Company in the consumer glass segment. There is no effect of acquisition on the structure of the Company as AIS already hold 47.83% of equity of AIS Adhesives and support its management.  

The company has also planned to purchase 1,00,010 equity shares of M/s AIS Distribution Services (ADSL) from M/s Map Auto. There is no effect of acquisition on the structure of the Company as AIS holds 49.99% of equity of AIS Distribution Services and support its management.

Asahi India Glass (AIS) is India’s leading integrated glass and windows solutions company.


Peers
Company Name CMP
Asahi India Glass 1021.45
Borosil Renewables 413.60
Borosil Scientific 107.60
Haldyn Glass 127.95
Sejal Glass 884.15
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