India's Standard Engineering rises on plan to buy stake in Japan's GL Hakko

Standard Engineering Technology

09/07/2026 05:40

** Shares of Standard Engineering Technology SNDR.NS rise 3.5% to 274.80 rupees
** Precision engineering co to buy 19.19% stake in Japan's GL Hakko for 700 mln rupees ($7.3 mln)
** Has option to raise stake to 51.07% in next 3 years, for 1.17 bln rupees more, in the glass-lined process equipment manufacturer
** Stock up about 83% YTD
     
($1 = 95.5450 Indian rupees)

(Reporting by Payel Das in Bengaluru)
((Payel.das@thomsonreuters.com))