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Vedanta consolidates 98% stake in AvanStrate Inc. · Endata

◂ Announcements

Semiconductors and Industrial Electronicsworld trade 2024+6.8% 5Y CAGR

Sep 5, 2024ACQUISITIONJapan

Vedanta consolidates 98% stake in AvanStrate Inc.

Vedanta Limited announced that its display glass business is set to grow 10x after consolidating its holding in AvanStrate Inc. (ASI) to 98%, following the acquisition of 46.57% equity from Hoya Corporation. ASI is now fully managed and controlled by Vedanta.

Status

Completed

ProductsTFT LCD glass substratesdisplay glass

CompaniesVedanta acquirer HOYA Corporation partner AvanStrate Inc. target

Sectors#Semiconductors and Industrial Electronics

“Vedanta Limited announced that the display glass business is set to grow 10x after consolidating its holding in AvanStrate Inc. (ASI), a Japanese display glass manufacturer, to 98%, following the acquisition of 46.57% equity from Hoya Corporation.”aseangazette.com

1 source
aseangazette.comVedanta Display Glass Business Set to Grow 10x With AvanStrate Inc. | ASEAN GazetteMedia OutreachSep 5, 2024

Summarized from public sources; check the original articles before acting on it.

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