IFGL Refractories subsidiary to acquire Trent Refractories Ltd, UK

IFGL Refractories Ltd has announced that Monocon International Refractories Ltd (MIRL,), being the step down subsidiary of the Company, has entered into a non-binding Heads of Agreement for acquisition of 100% of the total issued share capital of Trent Refractories Ltd of UK subject to such confirmatory reviews MIRL may deem fit, proper and necessary. Trent is engaged in manufacture of castables, monolithics, pre-cast shapes etc used mainly by the producers of Iron and Steel.

Source : Equity Bulls

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