Omkar Speciality Chemicals has received an approval to enter into memorandum of understanding (MoU) with a proprietary concern named, Shree Sai Bhakti Enterprises, to acquire the assets located at F-9, MIDC, Badlapur (East). The company has also received an approval for entering into an agreement with Desh Chemical for acquiring shares and assets located at W-93(A), MIDC, Badlapur (East), by which the said company will become a 100% subsidiary of Omkar Speciality Chemicals.
Further, the company has received an approval for entering into an agreement with Urdhva Chemicals Company for acquiring shares and assets located at C-4, Lote Parshuram Industrial Area, Dist. Ratnagiri, by which the said company will become a 100% subsidiary of Omkar Speciality Chemicals.
The company has received an approval regarding fulfillment of its business expansion plan at its board meeting held on June 17, 2011 and the board has authorize managing director to carry on the above business.
Omkar Speciality Chemicals is mainly engaged in the manufacture and sale of speciality chemicals viz. selenium compounds, iodine compounds, molybdenum compounds etc. and pharma intermediates viz. Potassium Iodate, Bismuth Ammonium Citrate, Bromoform etc.
| Company Name | CMP |
|---|---|
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| Tata Chemicals | 782.10 |
| SRF | 2780.75 |
| Pidilite Inds. | 1476.15 |
| Deepak Nitrite | 1875.25 |
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