Acquisitions16 Sept 2026, 05:00 pm
Primo Chemicals Completes Flow Tech Acquisition, Becomes Wholly Owned Subsidiary
AI Summary
Primo Chemicals Ltd announced the successful acquisition of the remaining 51% equity stake in Flow Tech Chemicals Private Limited on September 16, 2026. This acquisition, approved by shareholders via postal ballot on August 5, 2026, makes Flow Tech a wholly owned subsidiary of Primo Chemicals. The company executed the 2nd Supplementary Share Purchase Agreement to finalize the deal. This move is expected to consolidate operations and potentially enhance synergies within the Primo Chemicals group.
Key Highlights
- Primo Chemicals acquired the remaining 51% stake in Flow Tech Chemicals.
- Flow Tech Chemicals is now a wholly owned subsidiary of Primo Chemicals.
- Shareholder approval for the acquisition was obtained on August 5, 2026.
- The transaction was completed on September 16, 2026.
Price Impact
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