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HIL Ltd , through its wholly owned subsidiary, HIL International GmbH, Germany, has completed the acquisition of Parador Holdings GmbH after receiving all the regulatory approvals, including anti-trust approvals, from the German Federal Republic. Post this acquisition, HIL will emerge even stronger within its field globally, delivering sustainable value to its stakeholders. The enterprise value of Parador Holdings, a vertically integrated supplier of premium quality flooring solutions, is €82.8 million, and the total cash that will be paid is €72.3 million, HIL had said in an earlier notice to the bourses. Shares of HIL gained 2.14 per cent at ₹2,261.30 on the BSE.
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