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Mergers & Acquisitions | 20 March 2012

Nitco Acquires 51% Stake In New Vardhman Vitrified Pvt Ltd

by Charmi Gutka
Nitco Acquires 51% Stake In New Vardhman Vitrified Pvt Ltd
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@Charmi
@Nitco_Limited1 Limited has acquired 51% stake in Surat based New Vardhman Vitrified Private Limited.

According to filing on BSE, New Vardhman Vitrified is setting up a tile plant with a capacity to manufacture 4.95 Mn sqmt p.a of Vitrified Tiles and 3.75 Mn sqmt p.a of Wall Tiles and the production is expected to commence within six months.

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