Manali Petrochemicals gets nod for additional investment upto $35 million in Amchem Speciality Chemicals

Manali Petrochemicals Ltd. | Chemicals | Chemicals & Fertilizers | BSE: 500268 | NSE: MANALIPETC

03 Nov 2022 Evaluate

Manali Petrochemicals’ board has approved an additional investment upto $ 35 million in Amchem Speciality Chemicals, Singapore, the Wholly Owned Subsidiary of the Company for potential overseas acquisitions. The investment would be in one or more tranches and further details in this regard would be furnished in due course. The Board at the meeting held on November 2, 2022 has approved the same.

Manali Petrochemical (MPL) is a leading petrochemical manufacturer based in Chennai, India. It markets propylene glycol and polyols.

Peers

Company Name	CMP
Godrej Industries	1104.15
SRF	2530.50
BASF India	3539.75
Pidilite Inds.	1511.00
Tata Chemicals	644.10
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.