|₹5690 / ₹3054.55|
What is shareholding pattern? Who are shareholders?
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Wendt (India) was promoted by S C Khatau in Dec. '83 in technical and financial collaboration with Wendt, Germany. Under the Khatau management, it was making losses right from inception (except in 1989-90). In Nov. '90, Carborundum Universal, a Murugappa group company, received support from the collaborators to take over the company. Wendt holds a 40% stake in the company. Wendt (India) manufactures premium grinding wheels made from diamonds and cubic boron nitrite. Being a leading manufacturer of abrasives, grinding wheels and refractories in the country, Carborundum Universal will be in a better position with this takeover.