Standard Engineering Technology to invest ¥3.15 bn in GL HAKKO for 51.07% stake
Published on: July 6, 2026, 10:39 p.m. | Source: scanx.trade
Standard Engineering Technology Limited's board approved a strategic investment of up to Japanese Yen 3,152 million (approximately ₹1,860 million) to acquire a 51.07% stake in GL HAKKO Co., Ltd., Japan. The acquisition will be executed in two phases, with the first phase involving a 19.19% stake for ¥1,174 million and the second phase increasing the holding to 51.07% by 2028. The transaction is a related party transaction and is subject to regulatory approvals.
