Transchem acquires 100% of Greshma Shares and Stocks for Rs 25.91 cr
Price
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Transchem Limited has executed a Share Purchase Agreement to acquire 100% (1,55,16,000 shares) of Greshma Shares and Stocks Limited (GSSL) for INR 16.70 per share, aggregating INR 25.91 crore in cash. GSSL is now a wholly-owned subsidiary. GSSL is a SEBI-registered stock broker and CDSL depository participant. Its FY26 turnover was INR 5.98 crore and net worth INR 21.32 crore. The acquisition marks Transchem's strategic entry into financial services including broking and depository services. All regulatory approvals from NSE, BSE, CDSL, ICCL and SEBI were obtained.
Diversifies Transchem into financial services; GSSL becomes wholly-owned subsidiary adding broking and depository capabilities to the revenue base.