UPL announced that UPL Global (UGL), a step-down subsidiary of UPL Corporation (subsidiary of the company) has completed the acquisition of balance 20% stake in PT Excel Meg Indo, Indonesia (PT Excel). PT Excel is...
CCI approves merger of Mangalore Chemicals & Fertilisers with Paradeep Phosphates
The Competition Commission of India on Tuesday said it has approved the proposed amalgamation of Mangalore Chemicals & Fertilizers with Paradeep Phosphates Ltd. Mangalore Chemicals & Fertilizers Ltd (MCFL) is a...
Godrej Industries to acquire unit of Shree Vallabh Chemicals in Gujarat
Godrej Industries Ltd on Monday said its chemicals business unit has agreed to acquire a unit of Shree Vallabh Chemicals at Kheda in Gujarat entailing an estimated investment of Rs 45 crore. The company’s...
Acre ARC sells Nagarjuna Fertilizers and Chemicals debt to AM Green for ₹1,685 cr
Bad loan aggregator Acre ARC has completed the sale of ₹3,857 crore debt of Nagarjuna Fertilizers and Chemicals to AM Green Ammonia for a cash consideration of ₹1,685 crore, making an absolute return of more more than...
IFFCO withdraws plea from NCLT in Triumph Offshore case
Fertiliser cooperative IFFCO has withdrawn its plea filed in NCLT that restrained Triumph Offshore from issuing any share or securities to lenders for paying loans. The move came after IFFCO (Indian Farmer Fertiliser...
Coromandel to acquire additional 7 pc stake in Dhaksha, invest Rs 150 crore
Coromandel International Ltd on Monday announced the acquisition of an additional 7 per cent stake in Chennai-based drone manufacturing firm Dhaksha Unmanned Systems with an investment of Rs 150 crore. The proceeds from...
Best Agrolife acquires 100 pc stake in Sudarshan Farm Chemicals for Rs 139 crore
Agrochemicals maker Best Agrolife Ltd (BAL) on Friday announced the acquisition of a 100 per cent stake in Sudarshan Farm Chemicals India Pvt Ltd (SFCL) for Rs 139 crores. The acquisition will enable BAL to leverage...
International Chemical Investors Group buys Vasant Chemicals
International Chemical Investors Group (ICIG) has acquired a majority stake in Vasant Chemicals, the company specializing in the production of Specialty Chemicals and Pharma Intermediates. The company is set to be...
IFFCO moves NCLT against Triumph Offshore, Swan Energy
IFFCO has moved the NCLT against Swan Energy Ltd (SEL) and their joint venture Triumph Offshore to restrain their JV firm from passing any resolution without its approval and issuing any share/security to the lenders...
US Fund KPS explored takeover offer for UK’s Elementis – sources
KPS Capital Partners recently explored a bid for UK specialty chemicals maker Elementis but has since paused its work, two people familiar with the matter told Reuters. The New York-based private equity firm in December...
PCBL gets CCI approval to acquire Aquapharm Chemicals
Anti-trust regulator CCI has approved speciality chemicals major PCBL Ltd’s proposed acquisition of a 100 per cent stake in Aquapharm Chemicals, according to a notice. The Competition Commission of India (CCI) has...
Artek buys Kemira’s oil & gas business
Mumbai-based Artek Group has acquired Finnish chemicals company Kemira’s oil and gas business for $280 million, according to a company statement. Artek has acquired the asset through its US-based subsidiary Sterling...
