Tag
Standard Engineering Technology Limited
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SETL Invests INR 70 Crores for 19.19% GL Hakko Stake
Standard Engineering Technology Limited announces a strategic investment of INR 70 Crores for a 19.19% stake in Japan's GL Hakko Co., Ltd.
The investment includes a right to acquire a further 31.88% s
SETL Strategic 19% Equity Investment in GL HAKKO Japan
• Standard Engineering Technology Ltd invests ₹70 Cr for 19.19% stake in Japan's GL HAKKO Co Ltd via primary capital infusion.
• Transaction includes right to increase stake to 51.07% within 2-3 years