Investment28 Feb 2026, 07:31 pm
TANFAC Industries Ltd: Anupam Rasayan India Limited Creates Non-Disposal Undertaking on Shares
AI Summary
Anupam Rasayan India Limited, a promoter of TANFAC Industries Ltd, has created a non-disposal undertaking on its equity shares in favor of Axis Trustee Services Limited. This encumbrance is in the form of a security for a commercial borrowing facility of USD 30,000,000, which will be utilized for the acquisition of Monitchem Kansas S.A.R.L. and its subsidiaries and payment of acquisition related costs.
Key Highlights
- Anupam Rasayan India Limited, a promoter of TANFAC Industries Ltd, has created a non-disposal undertaking on its equity shares.
- The non-disposal undertaking is in favor of Axis Trustee Services Limited.
- The encumbrance is in the form of a security for a commercial borrowing facility of USD 30,000,000.
- The borrowed amount will be utilized for the acquisition of Monitchem Kansas S.A.R.L. and its subsidiaries and payment of acquisition related costs.
- The face value of the equity shares of TC of Rs. 10/- each is in the process of being sub-divided into 2 (two) equity shares of Rs. 5/- each.