Anupam Rasayan to Acquire Tanfac Industries Shares for ₹60.88 Cr

Anupam Rasayan India Limited's Board of Directors has approved the acquisition of 2,60,065 equity shares in Tanfac Industries Limited for an aggregate consideration of ₹60.88 Crores. The acquisition is being made on a preferential issue basis at an issue price of ₹2,341 per share. This move aims to increase Anupam Rasayan's shareholding in Tanfac, which had been passively diluted due to Tanfac's qualified institutional placement. Tanfac Industries, a joint sector company promoted by Anupam Rasayan and TIDCO, operates in the chemicals industry, specializing in industrial and fluorine-based chemicals. The transaction is not considered a related party transaction under listing regulations.