Asian Granito India has secured approval to acquire 26% of the paid-up equity share capital of Allomex Steel (ASPL). The Board of Directors in their meeting held on December 3, 2025 have approved the same. The proposed acquisition of 26% equity in ASPL will help the company to enter into a related building material products and support its overall growth plans. The company will acquire the stake for a consideration of Rs 26,000 (2600 equity shares at Rs 10 each). The transaction is expected to be completed within 2 months. Post the proposed investment, the company will hold 26% stake in ASPL.
ASPL’s SS steel manufacturing activities will gel well with the company’s existing project customer base and it will further get boost from the existing supply chain network. This investment will allow the company to diversify, strengthen its position in the building materials sector and create scope to achieve its long-term growth acceleration.
Asian Granito India is one of the top four Indian ceramic Companies engaged in the business of manufacturing, and trading of Ceramic Wall, Floor, Vitrified Tiles, Marble & Quartz Headquartered in Gujarat.
| Company Name | CMP |
|---|---|
| Kajaria Ceramics | 1187.65 |
| Somany Ceramics | 447.05 |
| Cera Sanitaryware | 5296.40 |
| Asian Granito India | 77.40 |
| Pokarna | 906.95 |
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