Hardwyn India Limited (BSE:541276) agreed to acquire Fiba Hardwyn Locks Limited on September 5, 2022. Consideration will be paid in cash and 5,980,120 shares of Hardwyn India Limited. Fiba Hardwyn Locks Limited reported Turnover INR 2.5 million and Net worth INR 21 million.

The Hardwyn India Limited board unanimously approved the deal.