Cairn India Holdings Limited agreed to acquire additional 46.57% stake in AvanStrate Inc. from HOYA Corporation (TSE:7741) for ¥12.2 billion on May 10, 2024. Prior to the transaction, Cairn India Holdings Limited held 51.63% and post acquisition of 46.57% shareholding from HOYA, Cairn India Holdings will hold 98.2% in AvanStrate. The transaction is expected to close in Q1 of FY 2025.
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- Cairn India Holdings Limited agreed to acquire additional 46.57% stake in AvanStrate Inc. from HOYA Corporation for ¥12.2 billion.