Anupam Rasayan India Ltd. Completes Acquisition of Doriath S.a r.1. and Batam S.a r.l., Approves Assignment Agreement and Credit Facilities

Anupam Rasayan India Ltd. has completed the acquisition of Doriath S.a r.1. and is in the process of acquiring Batam S.a r.l. The company has also approved an assignment agreement with Doriath, allowing the company to assign its rights to acquire the entire shareholding of the Target under the SPA to Doriath. The Board has also approved the company's entry into and consummation of transactions under certain credit facilities and an External Commercial Borrowing (ECB) Facility. The Credit Facilities amount to USD 20,000,000 and will be availed by Doriath, a wholly-owned subsidiary of the Company. The ECB Facility amounts to USD 30,000,000 and will be availed by the Company. The proceeds of these facilities will be used to fund the partial consideration for the acquisition of the Target and to make an Overseas Direct Investment in the Acquire Co. The Board has also approved the creation of charges, mortgages, pledges, and guarantees over the company's assets and shares to secure these facilities.