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RHI CLASIL
RHI Magnesita's two Indian businesses merge with Orient Refractories Limited“From the material on record, the Scheme of Amalgamation appears to be fair and reasonable and is not violative of any provisions of law an...- RHI Magnesita integrates West Asia, Africa business with operations in IndiaThe move which came into effect from August 1, is part of its global strategy wherein India has been placed as a growth market and the glob...
- Buy Orient Refractories, target price Rs 197: EdelweissFactoring in weak demand, Edelweiss has revised down the company’s FY20E and FY21E EPS.
- RHI hopes to soon get a nod to merge India armsAfter the merger, its three arms — Orient Refractories, RHI Clasil and RHI India — will become a single entity, RHI Magnesita India.
- Orient Refractories climbs 15% post block dealThe price at which they changed hands was Rs 311.22 per share.
- GST benefits prompt firms to absorb unlisted unitsFirms believe that merging their subsidiaries will enable them to become more efficient.
- This smallcap is turning into a behemoth; worth a good look?Sample this. Its return scorecard over the last five years reads a solid 880 per cent.
- Orient Refractories surges 18% after news of mergerIts shares ended at Rs 231.85, up 10.85 per cent, on the BSE, after gaining to as much as Rs 248.15 intraday.
- ORL may merge 2 unlisted arms with itselfAll three companies are part of the London Stock Exchange-listed RHI Magnesita, a leading global supplier of high-grade refractory products...
- Austrian co RHI picks up 51% in Clasil RefractoriesAustrian refractories major, RHI, has picked up 51% stake in Clasil Refractories for an undisclosed price.
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