Anupam Rasayan India has completed the acquisition of 24.96% of the total equity shareholding of and joint control of Tanfac Industries (TIL) from Birla Group Holdings (BGH), (a promoter company which is part of Aditya Birla Group) and few other promoter group of TIL (Sellers).
The company has acquired joint management control and has become promoter of the company along with Tamilnadu Industrial Development Corporation (TIDCO) with effect from March 11, 2022, pursuant to acquisition of shares as aforesaid and under the terms of the Amendment to the Joint Venture Agreement Dated February 1, 2022 executed between the Company, TIDCO, Tanfac Industries and Birla Group Holdings.
Anupam Rasayan India is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India.
