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HomeMarket NewsCNBC-TV18 newsbreak confirmed: Japan's Aica Kogyo to buy 40-53% of Stylam Industries for ₹1,500-2,000 crore
AICA Kogyo, headquartered in Nagoya, Japan, is a manufacturer of chemical and building material products, including high-pressure laminates, adhesives, coatings, and construction materials.
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Japanese building materials and surface solutions major AICA Kogyo will buy between 40% and 53.12% of shares in Indian laminates and decorative surface manufacturer Stylam Industries Ltd.
This development confirms CNBC-TV18’s newsbreak reported in October 2025. Aica Kogyo will buy Stylam Industries shares for ₹1,530-2,030 crore.
The Japanese company will buy these shares at ₹2,250/Sh. This deal has triggered an Open Offer at the price of ₹2,250/Sh. The company's current share price stands at ₹2,285.80.
In an exchange filing, Stylam Industrie said the parties have agreed to SPA 1 to sell 45,96,768 equity shares of Stylam in two tranches, each having a face value of ₹5, representing 21.72%.
Furthermore, Aica Kogyo will have the right to nominate up to 8 directors. The chairperson of this board shall be an independent director recommended by Aica Kogyo.
The existing promoter group will have the right to nominate two directors. In addition, Aica Kogyo also has the right to (but not an obligation) to acquire additional shares of Stylam Industries.
Also Read: Japan's AICA Kogyo looks to acquire majority stake in Stylam Industries: Sources
AICA Kogyo, headquartered in Nagoya, Japan, is a leading manufacturer of chemical and building material products, including high-pressure laminates, adhesives, coatings, and construction materials.
The company operates globally with manufacturing bases across Asia and North America. Its India presence dates back to 2011 through AICA Laminates India Pvt. Ltd., which manufactures and markets decorative laminates under the ‘Sunmica’ and ‘AICA’ brands.
Earlier, CNBC-TV18 had reported on potential discussions between Stylam Industries and AICA Kogyo, but the deal had reportedly hit a roadblock at that time.
The shares of Stylam Industries have taken a hit and have seen a sharp decline. At the time of writing, the company shares declined by 2.42% or ₹55.75. The current share price stands at ₹2244.30 per share.
