Shriram arm Fenesta buys 53% in DNV Global
NEW DELHI:
DCM Shriram
group firm
Fenesta
, which is into uPVC and aluminium windows and doors production, has acquired 53% equity stake in
DNV Global
for Rs 44 crore to expand its business.
The acquisition cost includes Rs 31 crore of fresh equity and Rs 13 crore worth of equity shares to be bought from existing promoters and shareholders.
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