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Conmat Group acquired 100% stake in KYB Conmat by buying back a 51% stake from joint venture partner KYB Corporation. The company is valued at Rs 3.3 billion.
Vadodara-based Conmat Group acquired a 100% stake in KYB Conmat Private Limited, a manufacturer of concrete construction equipment. The Share Purchase Agreement was signed and finalized on January 6, 2025.