Sudarshan Chemical completes 15.89% stake acquisition in Sudarshan Colorants
SUDARSCHEM · price
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Sudarshan Chemical Industries completed acquisition of 15.89 percent stake, equal to 36,68,036 equity shares of face value Rs. 10 each, in Sudarshan Colorants India Limited (formerly Heubach Colorants India Limited) from Sudarshan Europe B.V. for an aggregate consideration of Rs. 150.76 crores. This is part of the earlier announced proposed acquisition of 70.26 percent total shareholding from three step-down subsidiaries. Further updates on the remaining transactions will be reported separately.
Consolidates ownership in step-down subsidiary. Part of larger 70.26 percent acquisition plan; further updates on remaining tranches to follow.