Stylam Industries Ltd has announced that members of the Gupta family will sell a 27% stake in the company to Japan’s Aica Kogyo Co. Ltd at 2,250 rupees per share. The deal strengthens Aica’s presence in India’s laminates market and marks a significant ownership transition for Stylam.
Stylam Industries Ltd, a leading laminates manufacturer, confirmed that several promoters from the Gupta family will divest part of their holdings to Aica Kogyo Co. Ltd, a Japanese multinational specializing in chemical and building materials. The transaction, priced at 2,250 rupees per share, represents a strategic partnership aimed at expanding Aica’s footprint in India’s fast-growing decorative laminates sector.
Key highlights from the announcement include
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Aica Kogyo will acquire a 27% stake in Stylam Industries through share purchase agreements.
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Promoters including Jagdish Gupta, Saru Gupta, Nidhi Gupta, Pushpa Gupta, Dipti Gupta, and Manav Gupta are participating in the stake sale.
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The deal is valued at 2,250 rupees per share, reflecting investor confidence in Stylam’s growth trajectory.
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Stylam Industries is among India’s top laminate producers, exporting to over 80 countries worldwide.
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The partnership is expected to enhance Stylam’s technological capabilities and global market reach.
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Industry analysts view the transaction as part of broader consolidation trends in India’s building materials sector.
This strategic move positions Stylam Industries for stronger international collaboration while reinforcing Aica Kogyo’s commitment to India’s expanding infrastructure and housing markets.
Sources: Reuters, Economic Times, Business Standard