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Amal acquires stake in Amal Speciality Chemicals

31 Mar 2023 Evaluate

Amal has acquired 2,00,00,000 non-cumulative redeemable preference shares at Rs10 each at par and 27,19,000 equity shares of Rs 10 each with premium of Rs 100.34 each (total Rs 110.34 per shares) aggregating to Rs 50 crore (including Rs 37 crore from the proceeds of the recently completed rights issue of the Company) of Amal Speciality Chemicals (ASCL), wholly-owned subsidiary of the Company.

Amal is engaged in the manufacture of dyes and dye intermediates.

Peers
Company Name CMP
Godrej Industries 1021.20
SRF 2490.00
BASF India 3411.40
Pidilite Inds. 1470.00
Tata Chemicals 607.90
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