Himadri Speciality Chemical Limited has informed the Exchange about Acquisition of 100% paid-up equity share capital of Himadri Power Limited
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Himadri Speciality Chemical Limited has informed the exchange about its plan to acquire the entire 100% paid-up equity share capital of Himadri Power Limited. The acquisition is for full ownership, meaning Himadri Speciality Chemical will become the sole shareholder of Himadri Power. Details regarding the purchase consideration, deal valuation, and timeline have not been disclosed in this filing. Given the common 'Himadri' branding, Himadri Power Limited is likely a related party or group company, suggesting this could be a group restructuring move rather than a third-party acquisition.
This acquisition could expand Himadri Speciality Chemical's business footprint, potentially into the power sector, which may benefit vertical integration. Shareholders should watch for further disclosures on deal value, funding source, and whether any open offer obligation is triggered under SEBI takeover norms.