# 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.

- Type: Acquisition
- Announced: 2024-09-05
- Where: Japan
- Status: completed
- Products: TFT LCD glass substrates, display glass
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Vedanta](https://endata.com/companies/10003.md) (acquirer)
- [HOYA Corporation](https://endata.com/companies/20501.md) (partner)
- [AvanStrate Inc.](https://endata.com/companies/79633.md) (target)

## Sources

- [aseangazette.com](https://www.aseangazette.com/newswires/media-outreach/2024/09/05/vedanta-display-glass-business-set-to-grow-10x-with-avanstrate-inc/4787/), 2024-09-05: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.