M&A

M&A

Vedanta buys addl 47% stake in AvanStrate for $78-M .

AvanStrate makes glass substrates primarily used in the production of electronic devices such as televisions, laptops, smartphones, tablets, wearables, and other electronic displays. It claims to have more than 700 patents to its credit and has a strong supply chain network and partnerships with leading technology companies worldwide. It has production facilities in Taiwan and Korea. The acquisition is expected to be completed by the end of the current quarter