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

Himadri Speciality Chemical Ltd has completed the acquisition of 60% equity shares of Trancemarine and Confreight Logistics Private Limited for ₹4.23 crore. This strategic move allows Himadri to expand its portfolio in the critical and industrial minerals sector, enhancing operational efficiencies and market positioning. With this acquisition, Trancemarine becomes a subsidiary of Himadri, while its subsidiary, Sturdy Niketan, is now a step-down subsidiary. The acquisition is expected to unlock value and drive growth, leveraging Trancemarine's existing infrastructure and capabilities.