According to an official release issued to the BSE by Graphite, the transaction was aimed at unlocking value in the form of dormant assets, which would be ploughed into the company's future expansion plans.
The transaction was an important milestone in the history of the company, The additional resources would create a strong platform for accelerating the growth process of the company and shareholder value, K K Bangur, chairman and promoter of Graphite India, said.
