Standard Engineering Technology Acquires 51% Stake in Japan's GL HAKKO for ₹186 Crore

Board approved phased acquisition of Japan's GL HAKKO Co., Ltd. Phase I: 19.19% stake for ~INR 69.3 Cr; Phase II within 3 years to reach 51.07% for additional ~INR 116.7 Cr. Target makes glass-lined process equipment for pharma, chemical, semiconductor industries. Related party transaction at arm's length.