Vedanta acquires 98.2% stake in AvanStrate for India's first integrated display glass and panels fabrication unit.
Vedanta, a leading natural resources company, has acquired a 98.2% stake in Japanese display screen manufacturer, AvanStrate. This move aims to establish India's first integrated fabrication unit for display glass and panels. Vedanta plans to elevate domestic value addition in electronics manufacturing from 15% to 60% through this acquisition. AvanStrate holds over 700 patents and state-of-the-art manufacturing facilities.
May 10, 2024
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