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Himadri Speciality Chemical gets nod to acquire 40% stake in Invati Creations

20 Mar 2024 Evaluate

Himadri Speciality Chemical has received approval from board of directors to acquire 40% stake in Invati Creations (Invati) for a consideration of Rs 45.16 crore. As a part of the deal, Himadri will partly acquire Invati’s stake by infusing Rs 19.99 crore of cash as growth capital in Invati and the balance consideration of Rs 25.17 crore will be discharged through a share swap by way of issuance of 7,96,446 equity shares of the Company of face value Rs 1 each, on preferential basis to the promoters of Invati.

As part of its strategic investment, Himadri will have two nominee directors on the Board of Invati, giving the company a significant influence and enabling close collaboration and synergy between the two companies.

Himadri’s decision to invest in Invati, aligns with its vision of producing high-quality Lithium-ion (Li-ion) battery materials and reinforces its commitment in exploring innovative technologies in the battery material segment. The Board of Directors of the company at its meeting held on March 20, 2024 inter-alia has considered and approved the same.

Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals. The company has operations in India and caters to both domestic and international markets.

Himadri Speciality Share Price

493.15 4.00 (0.82%)
17-Apr-2026 16:59 View Price Chart
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