SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Himadri Speciality gets nod to acquire 60% stake in Trancemarine and Confreight Logistics

04 Apr 2025 Evaluate

Himadri Speciality Chemical has received approval from board of directors for acquisition of 60% paid-up equity share capital of Trancemarine and Confreight Logistics (target company) for a total purchase consideration of Rs 4.23 crore (Purchase Consideration) in cash, by way of purchase of equity shares from the existing shareholder of Trancemarine and Confreight Logistics.

Further, the Board has also approved the execution of a share purchase agreement (SPA) between the Company and Trancemarine and Confreight Logistics and its existing shareholder and also shareholder’s agreement (SHA) between the Company, Trancemarine and Confreight Logistics, existing shareholders and Key Personnel of the target company, loan agreement and other necessary documents regarding the aforementioned acquisition, whereby the Company agrees to acquire 60% stake in the target company.

On completion of the said purchase, Trancemarine and Confreight Logistics will become Subsidiary of Himadri Speciality Chemical and Sturdy Niketan, the subsidiary of the target company will become step down subsidiary of Himadri Speciality Chemical. 

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

536.25 13.30 (2.54%)
23-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×