Carborundum Universal share price rises 6% on multiple acquisitions

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Carborundum Universal share price rises 6% on multiple acquisitions - Business Standard

Quick Summary:

The uptick in share price came after Carborundum Universal revealed that it has entered into a share purchase agreement to acquire a 100 per cent stake in Silicon Carbide Products, USA.

Silicon Carbide Products (SCP) specialises in producing high-quality Nitride Bonded Silicon Carbide (NBSiC) products, which are known for their superior wear and thermal shock resistance.

In the abrasives segment, Carborundum Universal Ltd produces a wide range of rigid and flexible abrasives.