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.
