Stylam Industries shares in focus as AICA Kogyo plans to buy up to 53.12% stake for Rs 15,300–20,300 crore

Shares of Stylam Industries are in focus on Friday after reports said Japan-based building materials major AICA Kogyo is set to acquire a significant stake in the Indian laminates and decorative surface manufacturer.

According to information shared by  Bloomberg via television, AICA Kogyo plans to buy between 40% and 53.12% of Stylam Industries’ shares. The proposed transaction value is estimated in the range of Rs 15,300 crore to Rs 20,300 crore.

The development marks a major step forward in discussions that first surfaced in October, when deal talks between AICA Kogyo and Stylam Industries were reported to have reached an advanced stage. At the time, sources had indicated that the Japanese firm was exploring a controlling stake acquisition in the Indian company.

As per earlier reports, the proposed transaction was structured as a two-step process. In the first phase, AICA Kogyo was expected to acquire around a 25% stake from Stylam Industries’ promoter and promoter-family group. This was to be followed by an open offer to public shareholders to raise its overall holding to a majority stake of 51% or more.

AICA Kogyo is a global player in building materials and surface solutions, while Stylam Industries is a leading Indian manufacturer of laminates and decorative surfaces with a growing international presence. The potential acquisition highlights rising global interest in India’s building materials and interior solutions space.

The transaction, if completed, would result in AICA Kogyo acquiring management control of Stylam Industries, subject to regulatory approvals and open offer requirements.