मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
RP-Sanjiv Goenka's PCBL to buy Aquapharm for ₹3,800 cr
Mint Mumbai
|November 29, 2023
RP-Sanjiv Goenka Group’s PCBL Ltd has agreed to acquire 100% stake in Pune-based Aquapharm Chemicals Pvt. Ltd for ₹3,800 crore, beating rivals Dorf Ketal and Tata Chemicals Ltd.
The acquisition will give PCBL, among the largest manufacturers of carbon black material in India, a crucial foothold in the specialty segments of water treatment chemicals and oil and gas chemicals.
PCBL, earlier known as Phillips Carbon Black Ltd, expects to finance the deal through a mix of internal accruals and external fundraising, the company told stock exchanges after the share-purchase agreement was signed on 28 November. The acquisition is expected to be completed in two to three months.
PCBL will acquire Aquapharm shares from the company’s founders Vimal and Dharmesh Mangwani and Nitin Desai, of Desai Brothers Ltd, the owners of Mother’s Recipe pickles brand.
Mint reported the impending sale of Aquapharm first on 2 April 2023, after the company hired investment bank Stifel to arrange the sale.
यह कहानी Mint Mumbai के November 29, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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