TCM has entered into binding Memorandum of Understanding (MoU) for acquisition of 100% stake of ‘Better Feeds’ from its existing shareholders. Consequent to the aforesaid acquisition, Better Feeds will become a 100% subsidiary of TCM.
The objective of acquisition is to expand the manufacturing capacity of cattle/ poultry feed business of the company.
TCM is engaged in the manufacture of Potassium Chlorate - a vital raw material for the match Industry. In course of time the company diversified into a number of chemicals and established factories at Kalamassery in Kerala.
| Company Name | CMP |
|---|---|
| BASF India | 3865.25 |
| Tata Chemicals | 761.95 |
| SRF | 2798.45 |
| Pidilite Inds. | 1436.40 |
| Deepak Nitrite | 1861.90 |
| View more.. | |
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