Aica Kogyo Confirms ₹2,000 Cr Stylam Stake Buy, Triggers Open Offer

• Japan's Aica Kogyo will acquire 40-53.12% stake in India's Stylam Industries for ₹1,530-2,030 crore.
• The deal confirms CNBC-TV18's October 2025 newsbreak, with shares bought at ₹2,250/Sh.
• An Open Offer has been triggered at ₹2,250/Sh, while Stylam's current share price is ₹2244.30.
• Aica Kogyo will nominate up to 8 directors, including an independent chairperson; existing promoters nominate two.
• Stylam Industries shares declined by 2.42% (₹55.75) following the announcement.

Why It Matters: Aica Kogyo's major investment in Stylam Industries marks a significant foreign acquisition in India's building materials sector.