Acquisitions25 Dec 2025, 03:25 pm
Chemcon Speciality Chemicals Completes Acquisition of Shivam Petrochem Industries
AI Summary
Chemcon Speciality Chemicals Ltd has completed the acquisition of the entire business undertaking of M/s. Shivam Petrochem Industries, a partnership firm forming a part of the Promoter Group, through a slump sale on a going concern basis. The transaction was approved by the members at the 36th Annual General Meeting and the payment of INR 36,00,00,000 (Rupees Thirty-Six Crores only) was made to Shivam Petrochem Industries. The transaction has been consummated and stands completed as of December 25, 2025.
Key Highlights
- Chemcon Speciality Chemicals has completed the acquisition of Shivam Petrochem Industries
- The acquisition was approved by the members at the 36th Annual General Meeting
- The payment of INR 36,00,00,000 (Rupees Thirty-Six Crores only) was made to Shivam Petrochem Industries
- The transaction has been consummated and stands completed as of December 25, 2025