Acquisitions24 Jun 2025, 07:20 pm
Himadri Speciality Chemical Acquires 16.24% Stake in International Battery Company for USD 4.43 Million
AI Summary
Himadri Speciality Chemical Ltd has completed the acquisition of a 16.24% stake in International Battery Company, Inc. (IBC) for a total purchase consideration of USD 4.43 Million in cash. The acquisition includes the purchase of 600,000 common stocks from an existing shareholder, subscription of 2,100,000 common stocks, and subscription of 379,175 Series A Preferred Stock. This investment is in line with the company's strategic growth plans and will be recorded under the relevant regulations.
Key Highlights
- Himadri Speciality Chemical Ltd acquires 16.24% stake in International Battery Company, Inc.
- Total purchase consideration of USD 4.43 Million in cash.
- Acquisition includes purchase of 600,000 common stocks, subscription of 2,100,000 common stocks, and 379,175 Series A Preferred Stock.
- Investment is in line with the company's strategic growth plans.
- Transaction to be recorded under relevant regulations.