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HIL acquires entire stake in Crestia Polytech

24 Apr 2024 Evaluate

HIL has acquired the entire equity share capital of Crestia Polytech at an all-cash consideration of Rs 158.44 crore. Earlier, the company had received approval to acquire 100% equity share capital of Crestia Polytech along with four other entities, namely, Topline Industries, Aditya Polytechnic, Sainath Polymers and Aditya Industries at an aggregate enterprise value of Rs 265 crore on cash free and debt free basis to strengthen Company’s Pipes and Fittings business in Eastern India. 

HIL offers comprehensive building solutions. The company has achieved market leadership by developing and marketing advanced, high quality, innovative, more sustainable products for the building materials industry.


Peers
Company Name CMP
Ultratech Cement 10746.45
Ambuja Cements 349.00
ACC 1136.00
Shree Cement 22215.25
Dalmia Bharat 1619.75
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