Kokuyo to buy 10% in Camlin, make open offer

Kokuyo to buy 10% in Camlin, make open offer

Mumbai: Camlin Ltd, maker of stationary materials, said on Monday Japan’s Kokuyo would buy 10% in the company at Rs85 a share and would form a joint venture in India.

Kokuyo would further buy 20.3% of Camlin from founders at Rs110 a share, Camlin said in a statement.

Post the acquisition of shares, the Japanese firm would make an open offer for up to 20% in Camlin at Rs110 a piece, the company said.

Close