RHI Magnesita India’s wholly owned subsidiary -- Intermetal Engineers (India) has inked a Share Purchase Agreement (SPA) with Ashwath Technologies and the existing shareholders, to acquire the 100% shareholding of Ashwath Technologies from the existing shareholders of the company.
Intermetal Engineers will acquire 100% of the subscribed and paid-up share capital of Ashwath Technologies, comprising of 10000 equity shares of face value of Rs 10 each for the total consideration of Rs 14 crore.
RHI Magnesita India is the leading supplier of high-grade refractory products, systems and solutions which are indispensable for industrial high-temperature processes in a wide range of industries, including steel, cement, non-ferrous metals and glass.
