Indo Amines has entered into a Memorandum of Understanding (MoU) with Core Chemicals (Mumbai) for agreeing to have an exclusive discussion with Core Chemicals (Mumbai) about the proposed potential strategic combination by way of acquisition.
The MoU is primarily for confidentiality of information/ discussion and finalisation of the terms and conditions relating to the proposed transaction with a view to entering into a definitive documentation after the necessary approvals.
Besides, the company’s Board has also discussed and proposed for amalgamation of Pious Engineering (Group Company) and Key Organics (Wholly owned Subsidiary) with the company.
Indo Amines manufactures various types of fatty amines, amine derivatives that are used by various industries for direct application. Its products also have specialized process application for various industries and their processes.
