Himadri Speciality Chemical Limited — JV/Acquisition, 04-04-2025: Acquisition

Himadri Speciality Chemical Ltd has announced a board meeting that approved the acquisition of a 60% equity stake in Trancemarine and Confreight Logistics Private Limited for a total consideration of INR 4.23 Crores. This acquisition aims to strengthen the company's position in the strategic resource extraction sector, enhancing operational efficiency and unlocking value for future business expansion. Upon completion, Trancemarine will become a subsidiary, with its own subsidiary, Sturdy Niketan Private Limited, becoming a step-down subsidiary. Target Company 1 had a turnover of INR 35.69 Crores in its last audited financials.