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Anupam Rasayan gets nod to pick up 24.96% stake in Tanfac Industries

02 Feb 2022 Evaluate

Anupam Rasayan India has received approval from its board to acquire a 24.96 per cent stake in Tanfac Industries (TIL) for Rs 148.14 crore from Birla Group Holdings and few other promoter groups of TIL. The company's board has also approved the launch of an open offer to acquire another 26 per cent shareholding from public shareholders of TIL. The open offer (assuming full acceptance) is Rs 154.3 crore, which will be funded through debt.

The company has also executed an amendment pact to the joint venture agreement between Tamil Nadu Industrial Development Corporation (TIDCO) and Birla Group Holdings, pursuant to which ARIL will replace BGH as the joint venture partner of TIDCO in TIL.

Anupam Rasayan India is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India.

Anupam Rasayan India Share Price

1367.40 6.30 (0.46%)
07-May-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3867.35
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SRF 2771.90
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