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Adani Wilmar to buy 67% in Omkar Chemicals
July 12, 2024
|Business Standard
In a move aimed at expanding its footprint in the speciality chemical industry, Adani Wilmar Limited (AWL) on Thursday announced the acquisition of a 67 per cent stake in Omkar Chemicals Industries Private Limited (OCIPL), a Gujarat-based speciality chemicals firm.
Adani Wilmar has signed a share purchase agreement with OCIPL for an enterprise value of ₹56.25 crore to be paid in cash, the company said in a stock exchange filing.
OCIPL operates a manufacturing plant in Panoli, Gujarat, with an annual capacity of around 20,000 MT of surfactants, and is planning to scale up its capacity, Adani Wilmar said.
AWL expects to close the deal in three to four months and it doesn't need government or regulatory approvals, it said in its filing.
هذه القصة من طبعة July 12, 2024 من Business Standard.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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