Himadri Speciality Chemical has received approval from board of directors to acquire 100% paid-up equity share capital of Elixir Carbo (Target Company), for a total purchase consideration of Rs 7.50 crore (Purchase Consideration) in cash, by way of purchase of equity shares from the existing shareholders of the Target Company.
Further, the Board has also approved the execution of a share purchase agreement (SPA) between the Company, the Target Company, its existing shareholders and other necessary documents regarding the aforementioned acquisition, whereby the Company agrees to acquire 100% stake in the Target Company. On completion of the said purchase, Elixir Carbo will become a Wholly Owned Subsidiary (WOS) of the Company. The board of directors of Himadri Speciality Chemical at their meeting held on April 21, 2025 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.
| Company Name | CMP |
|---|---|
| PCBL Chemical | 285.50 |
| Himadri Speciality | 489.10 |
| Goa Carbon | 368.00 |
| Hi-Green Carbon | |
| View more.. | |
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