Yash Chemex has acquired 5 lakhs equity shares of its subsidiary company -- Yasons Chemex Care -- thereby the total equity holding of the Company in Yasons Chemex Care has reached up to 50.87%.
Yasons Chemex Care is in the field of Manufacturing of Perfumes, Deodorants, dyestuff and trading of all kinds of chemicals. The acquisition would result in benefit of operational synergies. The nature of consideration will be on cash basics.
Yash Chemex is a chemicals and dyes trading and distribution company with a descriptive product portfolio. The company’s major selling products are Tobias Acid, Beta Nepthol and Melamine and has requisite infrastructure to accommodate stock of every component.
