Acquisitions28 Nov 2025, 12:05 pm
Camlin Fine Sciences Completes Majority Stake Acquisition in Vinpai for INR 247.69 per Share
AI Summary
Camlin Fine Sciences Ltd (CFSL) has completed the acquisition of a majority stake in Vinpai, a French société anonyme, representing 78.68% of share capital. The acquisition was made at a price of INR 247.69 (Euro 3.60) per equity share. Following the acquisition, CFSL holds 78.68% of Vinpai's share capital and 75.06% of its voting rights. CFSL also intends to file a simplified cash tender offer for the remaining shares of Vinpai and may request a mandatory squeeze-out procedure if certain conditions are met. Additionally, CFSL will proceed with the conversion of its convertible bonds, resulting in the issuance of new ordinary shares of Vinpai.
Key Highlights
- Camlin Fine Sciences Ltd has completed the acquisition of a majority stake in Vinpai for INR 247.69 per equity share.
- Following the acquisition, CFSL holds 78.68% of Vinpai's share capital and 75.06% of its voting rights.
- CFSL intends to file a simplified cash tender offer for the remaining shares of Vinpai.
- If certain conditions are met, CFSL may request a mandatory squeeze-out procedure for Vinpai's shares from the Euronext Growth market in Paris.
- CFSL will proceed with the conversion of its convertible bonds, resulting in the issuance of new ordinary shares of Vinpai.