Moneycontrol
Aug 10, 2017 01:34 PM IST | Source: Moneycontrol.com

Orient Bell enters into agreement with Ceramic Tile

This is to inform you that our Company has entered into an Agreement with a Ceramic Tile Manufacturing Company at Morbi (Gujarat) and its Promoters to acquire its equity stake of 26 percent.

 
 
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Dear Sir/ Madam,

This is to inform you that our Company has entered into an Agreement with a Ceramic Tile Manufacturing Company at Morbi (Gujarat) and its Promoters to acquire its equity stake of 26%.

The said company is setting up a new plant to manufacture about 5.2 million square meters of wall tiles per annum at Morbi (Gujarat) and likely to start Commercial Production by the end of March 2018.

This Strategic stake will give complete access to our company to procure and sell the substantial quantity of tiles to be manufactured by the said company.


The above is for your information and record please.
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