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Merger And Acquisitions | October 09, 2013
#39436

LIXIL buys major stake in DLF's Star Alubuild

Japanese building materials company LIXIL, on October 8 stated that it has acquired 70 per cent stake in Star Alubuild for Rs 56 crore from the subsidiaries of real estate major DLF and Romi Malhotra. Star Alubuild is into the building curtain walls for commercial buildings in India.    DLF's sale of the company is part of its non core divestment strategy, a statement of LIXIL said.    Star Alubuild specialises in the designing, engineering, fabrication and installation of curtain walls for commercial buildings, retail malls and doors and windows for projects throughout India.

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