Meghmani Organics (MOL) has completed an acquisition of Kilburn Chemicals (KCL). MOL paid Rs 132 crore (including Rs 12.15 crore towards equity subscription) as per the National Company Law Tribunal (NCLT) approved resolution plan dated December 16, 2021.
Thus, the Company has diversified its Pigment Division's product offering with Kilburn Chemicals acquisition, fast-tracking its foray into Titanium Dioxide (TiO2). The aforesaid acquisition has been funded from MOL's internal accruals.
Meghmani Organics is into the manufacture of Pigments and Agrochemicals in India and have a focus on delivering quality products backed by Research and Development efforts.
