The operations of Seven Refractories in Europe, India, and the US will be purchased by RHI Magnesita NV for EUR93 million (₹ 838 Cr.), the company said on Friday. This consists of a 49% stake in RHI Magnesita Seven Refractories Ltd., (formerly Dalmia Seven Refractories Ltd.). RHI had previously purchased out the remaining 51% of DBRL shareholding.

RHI Magnesita NV announced on Friday that it will acquire Seven Refractories' operations in Europe, India, and the US for EUR 93 million (₹ 838 crore).