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.
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