Man Industries completes ₹1,000 crore acquisition of NPC
pre-market1 source ↓written by the desknot a recommendation
- in Saudi Arabia's
- 100% equity stake
- $102 million
- ₹1,000 crore
Man Industries (India) Ltd. has successfully acquired a 100% equity stake in Saudi Arabia's National Pipe Company Limited (NPC) for approximately ₹1,000 crore ($102 million). This acquisition enhances its access to infrastructure, energy, and desalination sectors in the Middle East, aligning with its international growth strategy. The deal was finalized after securing necessary regulatory approvals.
Not investment advice. For informational purposes only.