By promoters to Bombay Minerals and M/S Cura Global Holdings
Orient Abrasives announced S G Rajgarhia, along with other promoters of Orient Abrasives, have entered into a Share Purchase Agreement, on 08 June 2015 with Bombay Minerals and M/S Cura Global Holdings, a company incorporated under the laws of Mauritius, for sale 3,05,34,857 equity shares held by them in the Company (aggregating 25.52%) at a price of Rs. 29.50 (Rupees Twenty Nine and Paise Fifty Only). Other sellers under the share purchase agreement include: Usha Rajgarhia, Anisha Mittal and Bhavna Rajgarhia.The proposed sale of shares as aforesaid is subject to various conditions precedent including regulatory approvals.
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