Himadri Speciality Chemical Ltd Completes Acquisition of Himadri Power Limited for INR 2,50,000

Himadri Speciality Chemical Ltd has successfully completed the acquisition of 100% paid-up equity share capital of Himadri Power Limited for a total purchase consideration of INR 2,50,000 in cash. This acquisition has resulted in Himadri Power Limited becoming a Wholly Owned Subsidiary of Himadri Speciality Chemical Ltd. The acquisition was carried out by purchasing equity shares from the existing shareholder of the Target Company. The necessary information has been provided to the Stock Exchange(s) as required under Regulation 30 read with Schedule III of the SEBI Listing Regulations.