Fine Organic Acquires 80% Stake in Oleofine Organics for ₹80.16 Cr

Fine Organic Industries Ltd has successfully acquired an 80% equity stake in Oleofine Organics SDN. BHD. (OFM) for ₹80.16 crores. This acquisition makes OFM a subsidiary of Fine Organic. Additionally, through this acquisition, Fine Organic, along with OFM, now controls more than half the voting power in Fine Organic Industries (Thailand) Co., Ltd. (FOIT), making FOIT also a subsidiary. The acquisition includes 50% from Smoothex Chemicals Private Limited, a related party, and 30% from other shareholders. OFM is engaged in the specialty chemicals business, with a turnover of RM 23,287,742 for the financial year ended January 31, 2026.