LTS Investment Fund has reportedly bought 21 lakh shares or 1.75% stake of Orient Abrasives through the open market route. The shares were purchased on an average price of Rs 18 valuing the transaction to Rs 3.78 crore.
Orient Abrasives offers a wide range of Refractory and Monolithic products for the iron and steel industry and enjoy large domestic and international clientele. An in-house R&D facility supports the division’s product development initiatives.