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Rossari Biotech gets nod to acquire Tristar Intermediates

19 Jul 2021 Evaluate

Rossari Biotech’s board has approved the acquisition of Tristar Intermediates at an enterprise value of Rs 120 crore. A move which will help Rossari Biotech expand its product portfolio, primarily in the personal care segment.

As per the agreement and subject to customary closing conditions, Rossari will be acquiring 100 percent equity share capital of Tristar Intermediates. 76 percent of the equity share capital will be acquired upon closure of the transaction, and the balance 24 percent over the next three years.

Rossari Biotech is a specialty chemicals manufacturing firm with focus on home and personal care, performance chemicals, textile specialty chemicals and animal health and nutrition products. Apart from India, it has operations in 17 countries including Vietnam, Bangladesh and Mauritius.

Rossari Biotech Share Price

480.15 1.40 (0.29%)
04-May-2026 16:59 View Price Chart
Peers
Company Name CMP
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SRF 2551.40
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