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Wendt India has entered into agreement with Star Diamond Tools (Star) for acquisition of their Diamond Dresser Tool business on slump sale basis. The value of the transaction envisaged is approximately Rs. 3 crore and the conclusion of the transaction is subject to fulfilment of certain conditions in due course. This acquisition is proposed to be made to enhance the Company's offerings in the field of Stationery dressers. It would augment Wendt's existing manufacturing capability and capacityPowered by Capital Market - Live News
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