Investment23 Jul 2025, 04:51 pm
Acutaas Chemicals to Invest Rs. 49.99 Crores in Wholly-Owned Subsidiary Acutaas Advance Material
AI Summary
Acutaas Chemicals Ltd. has approved an investment of up to Rs. 49.99 crores in its wholly-owned subsidiary, Acutaas Advance Material Limited (formerly Baba Advance Materials Limited). The investment will be made by subscribing to 30,48,780 equity shares of Rs. 10/- each at a premium of Rs. 154/- per share, and further investment not exceeding Rs. 150 crores by way of loan or equity subscription or mix of both. The investment is aimed at supporting the business, geographic and product line expansion of speciality chemicals business catering to the semiconductor Industry of Acutaas Advance Material Limited.
Key Highlights
- Acutaas Chemicals to invest up to Rs. 199.99 crores in its wholly-owned subsidiary, Acutaas Advance Material Limited.
- The investment will be made in two tranches, with the first tranche of Rs. 49.99 crores to be completed within one month.
- The investment is aimed at supporting the business, geographic and product line expansion of speciality chemicals business catering to the semiconductor Industry of Acutaas Advance Material Limited.
- Acutaas Advance Material Limited is a related party of Acutaas Chemicals Limited and the investment is being done at an arm’s length basis.
- Acutaas Advance Material Limited is currently engaged in the business of manufacture, distribution, supply and sale of speciality chemicals catering to the semiconductor Industry.