Kasai Kogyo Co., Ltd. (TSE:7256) agreed to acquire remaining 50% stake in Antolin Kasai Tek Chennai Private Limited from Grupo Antolín Irausa, S.A. for €3.6 million on September 26, 2014. Kasai Kogyo will acquire 28.5 million shares. Antolin Kasai had total assets of INR 714 million (€8.37 million), net sales of INR 8 million (€0.09 million) and net loss and operating loss of INR 27 million (€0.32 million) for the period ended December 31, 2013.

The Board of Directors of Kasai Kogyo resolved the transaction. The transaction is expected to be completed by end of October 2014. This acquisition of shares is expected to have little financial effects on the consolidated results.

Conversion has been done on www.oanda.com as on December 31, 2013.