• search

Hindustan Composites to buy stake in JL Morison

Written by: Staff
|

New Delhi, July 6: Hindustan Composites today announced that it would acquire 9.85 per cent stake in J L Morison (India) Ltd from its promoter J L Morison (UK) Ltd.

The company will purchase 1,34,400 equity shares for Rs 150 per share, subject to necessary approvals.

Hindustan Composites is engaged in the development, manufacture and marketing of asbestos industrial products and friction materials in India for over 45 years.

It has been catering to the needs of core sector industries including railways, engineering, mining, aerospace, steel, chemical, petrochemical and others.

UNI

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more