India, July 7 -- Standard Engineering Technology (SETL) today announced an equity investment in GL Hakko Co., (GL Hakko) Japan, a manufacturer of glass-lined process equipment. GL Hakko is a member of the AGI Group, which is SETL's technology partner and, as a group, its second-largest shareholder after the promoters.Under the agreement, SETL will make a primary capital infusion of Rs 70 crore (Japanese Yen 1,174 Million) into GL Hakko for an initial 19.19% equity stake, funded from internal accruals, without external debt. SETL also has the right to increase its shareholding by a further 31.88% for Rs 116.7 crore (Japanese Yen 1,978 Million), taking its aggregate holding to 51.07%, over the three years at the same per-share valuation, subj...