Sudarshan Europe B.V. and Sudarshan Chemical Industries Limited to Acquire 26% Stake in Heubach Colorants India Ltd for INR 3,469,393,043.48

Sudarshan Europe B.V. and Sudarshan Chemical Industries Limited, acting in concert, have announced a public offer to acquire up to 26% of the voting share capital of Heubach Colorants India Ltd. The offer is made at an offer price of INR 578.11 per share, amounting to a maximum consideration of INR 3,469,393,043.48. The offer is a result of an indirect acquisition of shares/control of the Target Company and is mandatory in compliance with SEBI (SAST) Regulations. The closing of the underlying transaction will result in the indirect change of control of the Target Company in favor of the Acquirer.