PCBL Acquires Aquapharm Chemicals for Rs 3,800 Cr
By Rediff Money Desk, KOLKATA Nov 28, 2023 19:39
PCBL Ltd announced plans to acquire 100% of Aquapharm Chemicals Pvt Ltd for Rs 3,800 crore, marking its foray into global speciality segments of water treatment and oil & gas chemicals.
Kolkata, Nov 28 (PTI) Carbon black and speciality chemicals major PCBL Ltd on Tuesday announced plans to acquire 100 per cent in Aquapharm Chemicals Pvt Ltd (ACPL) for an aggregate consideration of Rs 3,800 crore.
Subject to the agreed adjustment, the acquisition will be financed through a mix of internal accruals and external fundraising by the company and its associates, the company informed the bourses.
This acquisition marks PCBL's foray into global speciality segments of water treatment chemicals and oil & gas chemicals, the company said.
The transaction will be financed through a combination of internal accruals and external fund raise, it said.
ACPL is a Pune-based globally top three leading specialty chemicals company, manufacturing and water treatment chemicals.
The company has manufacturing facilities in India, the US, and Saudi Arabia. Overseas plants are being operated through subsidiaries.
ACPL topline was Rs 2,045 crore and EBIDTA was Rs 417 crore in 2022-23. The transaction is subject to obtaining all necessary approvals.
The stock closed at Rs 254.90 apiece on the NSE, down 2.6 per cent.
Subject to the agreed adjustment, the acquisition will be financed through a mix of internal accruals and external fundraising by the company and its associates, the company informed the bourses.
This acquisition marks PCBL's foray into global speciality segments of water treatment chemicals and oil & gas chemicals, the company said.
The transaction will be financed through a combination of internal accruals and external fund raise, it said.
ACPL is a Pune-based globally top three leading specialty chemicals company, manufacturing and water treatment chemicals.
The company has manufacturing facilities in India, the US, and Saudi Arabia. Overseas plants are being operated through subsidiaries.
ACPL topline was Rs 2,045 crore and EBIDTA was Rs 417 crore in 2022-23. The transaction is subject to obtaining all necessary approvals.
The stock closed at Rs 254.90 apiece on the NSE, down 2.6 per cent.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 7.99 (+ 1.52)
- 58018780
- Mishtann Foods L
- 9.17 ( -5.17)
- 27555831
- Shree Securities
- 0.42 ( -6.67)
- 27309223
- AvanceTechnologies
- 0.90 ( -4.26)
- 25537567
- Rajnish Wellness
- 1.69 ( -2.87)
- 19267607
MORE NEWS
Zepto Cuts Losses, Revenue Doubles in FY24
Quick commerce firm Zepto narrowed its losses to Rs 1,248.6 crore in FY24, while...
KKR Sells 2.6% Stake in India Grid Trust for Rs...
Private equity firm KKR has sold a 2.6% stake in India Grid Trust for Rs 277 crore...
MFN Clause Suspension: India Needs Strategic...
Switzerland's suspension of the MFN clause in its tax treaty with India highlights the...