Get latest articles and stories on Latest News at LatestLY. : Carborundum Universal Ltd (CUMI) on Thursday said its step down wholly owned subsidiary CUMI Abrasives GmbH has entered into a share purchase agreement with RHODIUS Abrasives, Germany at an enterprise value of Euro 55 million (about Rs 464 crore). Latest News | CUMI to Acquire RHODIUS Abrasives; to Enhance Technology and Geographical Access.