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SENSEX

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99.60

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392.65

53.55 (15.79%)

Tata Steel

167.45

1.55 (0.93%)

Canara Bank

113.50

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84.60

6.25 (7.98%)

MOIL

522.70

85.30 (19.5%)

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Biocon

308.70

2.95 (0.96%)

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129.05

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Container Corp

1105.45

69.05 (6.66%)

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208.95

2.30 (1.11%)

South Indian Bank

27.85

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163.85

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Bajaj Hindusthan Sug

33.00

1.00 (3.13%)

Aditya Birla Capital

226.00

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816.35

4.40 (0.54%)

Motherson Sumi Wirin

68.95

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260.90

-2.00 (0.76%)

Rs 200 cr! Asahi Glassplant Inc. Japan Invests in Standard Glass Lining Technology

"AGI Japan, along with GL HAKKO and its affiliates, will secure a minority stake in Standard Glass Lining Technology Limited, positioning this collaboration as a pivotal force in both AGI Group and the Standard Group's industries and geographies," the company statement added.

author-479256715
ET Now Digital

Updated Nov 16, 2023 | 07:35 PM IST

Asahi Glassplant Inc AGI Japan has announced a strategic investment of up to 200 Crores INR in Standard Glass Lining Technology Limited and its affiliated companies marking the initiation of a long-term business partnership an official statement said

Asahi Glassplant Inc. (AGI Japan) has announced a strategic investment of up to 200 Crores INR in Standard Glass Lining Technology Limited and its affiliated companies, marking the initiation of a long-term business partnership, an official statement said.

Asahi Glassplant Inc. (AGI Japan) has announced a strategic investment of up to 200 Crores INR in Standard Glass Lining Technology Limited and its affiliated companies, marking the initiation of a long-term business partnership, an official statement said.
"AGI Japan, along with GL HAKKO and its affiliates, will secure a minority stake in Standard Glass Lining Technology Limited, positioning this collaboration as a pivotal force in both AGI Group and the Standard Group's industries and geographies," the company statement added.
As per an official release, under the definitive agreements, AGI Japan will play a crucial role in facilitating Standard's entry into the Japanese market.
"The partnership will employ various approaches, including private label arrangements, co-branding initiatives, and the supply of components while adhering to the stringent quality standards that AGI and its valued customers expect," the company said.
Yasuyuki Ikeda, CEO of AGI Japan, has been serving as a non-executive director of Standard Glass since March 2023.
Nageswara Rao Kandula, the Managing Director of Standard Group, conveyed his happiness and gratitude to AGI and Ikeda for placing their trust in the Standard Group.
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