Sudarshan Chemical Arm to Acquire 26% in Heubach Colorants

MT Newswires Live

2024-10-17

Sudarshan Chemical Industries (NSE:SUDARSCHEM, BOM:506655), through its wholly-owned subsidiary Sudarshan Europe, has agreed to acquire a 26% stake in Heubach Colorants India for up to 3.47 billion Indian rupees, according to a Thursday filing with the stock exchanges.

The company has made an open offer to acquire up to 6,001,268 equity shares, constituting 26% of the voting share capital, at an offer price of 578.11 rupees per offer share.

Price (INR): ₹1100.00, Change: ₹-3.8, Percent Change: -0.35%

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