Acquisitions11 Jul 2024, 11:55 pm
Adani Wilmar Acquires 67% Stake in Omkar Chemical Industries for Rs. 3 Crores
AI Summary
Adani Wilmar Limited has announced entering into an agreement to acquire a 67% stake in Omkar Chemical Industries Private Limited for Rs. 3 crores. Omkar Chemical Industries, a specialty chemicals company, has a paid-up share capital of Rs. 3 crores and a turnover of Rs. 13.95 crores in the last fiscal year. The acquisition is in line with Adani Wilmar's strategy to expand its presence in the specialty chemical industry.
Key Highlights
- Adani Wilmar acquires 67% stake in Omkar Chemical Industries
- Acquisition cost: Rs. 3 crores
- Omkar Chemical Industries is a specialty chemicals company
- Company's turnover was Rs. 13.95 crores in the last fiscal year
- Acquisition is part of Adani Wilmar's strategy to expand in specialty chemicals