Private equity fund SAIF Partners is planning to acquire 10% stake in Atul, a Lalbhai Group company. The PE firm has started buying stake from the open market and will end up with 10% by June-end. SAIF will invest Rs 250-300 crore in the company. The company's market capitalisation is around Rs 2,147.95 crore.
Atul is a member of Lalbhai Group, one of the oldest business houses of India, with interests mainly in textiles and chemicals. The Group is strongly committed to serve the society in the fields of education, health as well as culture. The company operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers.
