Fine Organic acquires 80% stake in Malaysia's Oleofine Organics for INR 80.28 cr
FINEORG · price
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On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.2 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Fine Organic Industries has signed Share Transfer Agreements to acquire 80% equity in Oleofine Organics SDN. BHD., a Malaysian specialty chemicals firm, for up to about INR 80.28 crores in cash. Of the 80% stake, 50% will be bought from promoter group entity Smoothex Chemicals, making it a related party transaction done at arm's length, while the remaining 30% will come from unrelated existing shareholders. OFM's FY26 turnover was about INR 54.17 crores. The deal fits the company's specialty chemicals growth strategy.
Expands specialty chemicals presence into Malaysia via 80% stake. Cash deal, arm's length, within core business line.