Graphite India Boosts Stake in GrafTech International Through Overseas Investment
Graphite India Limited announced an investment in GrafTech International Ltd., a NYSE Listed Company, utilizing Secondary Market Transactions under the Overseas Portfolio Investment (OPI) scheme. This strategic investment increases Graphite India's stake in the manufacturing firm.The Company acquired shares through the OPI scheme of Foreign Exchange Management (Overseas Investment) Rules, 2022.
Investment Details and Shareholding Change
Details regarding the investment were provided, noting that the total amount invested for this acquisition was INR 62.25 Crores. Following this transaction, Graphite India's cumulative investment in Graftech now stands at INR 230.38 Crores.
The acquisition resulted in a substantial increase in the company's stake, raising Graphite India’s shareholding percentage from 6.82% to 9.79%. The consideration for this investment was in cash.
| Parameter | Detail |
|---|---|
| Target Entity | GrafTech International Ltd. (NYSE Listed Company) |
| Industry | Manufacturing of Graphite Electrodes |
| Market Capitalization | 241.98 Million USD |
| Acquisition Mechanism | Secondary Market Transactions / OPI Scheme |
| Cash Outlay (New) | INR 62.25 Crores |
| Total Investment in Graftech | INR 230.38 Crores |
| Stake Change | Increased from 6.82% to 9.79% |
Company Overview and Business Impact
GrafTech International Ltd. is identified as a leading manufacturer of high-quality graphite electrode products. These electrodes are vital components used in the production of electric arc furnace steel and other ferrous and non-ferrous metals. The firm boasts a competitive portfolio, including low-cost, ultra-high power graphite electrode manufacturing facilities, some of which possess the highest capacity globally. Graftech is substantially vertically integrated into petroleum needle coke, a key raw material for graphite electrode production.
Historical Turnover of GrafTech International Ltd.
The company’s historical turnover data for the last three years is detailed as follows:
| Financial Year Ended | Turnover (in thousands of USD) |
|---|---|
| December 31, 2025 | 504,134 |
| December 31, 2024 | 538,782 |
| December 31, 2023 | 620,500 |
The investment aims to support the Company’s purpose through the acquisition of shares via the secondary market and the OPI scheme, focusing on general investment purposes.
GRAPHITE Stock Price Movement
Shares of Graphite India Limited today slipped by 2.79% to settle at ₹731.45. The stock finished on notable activity, with 1.17 million shares changing hands as the equity closed down ₹20.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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