Ion Exchange (India) has received approval to invest and takeover a Target company namely - MAPRIL - Produtos Quimicos e Maquinas Para a Industria, Lda which is located in Portugal. The company shall invest around Rs 24 crore (subject to closing adjustments) and acquire 11,11,500 equity shares equivalent to 100% of the issued and paid-up equity capital of MAPRIL - Produtos Quimicos e Maquinas Para a Industria, Lda as per the Share Purchase Agreement to be executed. The Board of Directors of the company, at its Meeting held April 20, 2023, approved the same.
Ion Exchange (India) pioneered water treatment in India and is the country's premier company in water and environment management, with a strong international presence.
