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Meghmani Organics acquires Kilburn Chemicals

28 Dec 2021 Evaluate

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.

Peers
Company Name CMP
UPL 533.50
PI Industries 2188.80
Bayer CropScience 3640.30
Sharda Cropchem 725.05
Sumitomo Chem. India 404.75
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