Acquisitions31 Oct 2023, 08:44 pm
Vikas Ecotech Limited Acquires 100% Equity of Existing Plasticizer Manufacturing Business in All-Cash Deal
AI Summary
Vikas Ecotech Limited has acquired 100% equity of an existing plasticizer manufacturing business in an all-cash deal, valued at enterprise value of ~Rs 270 million. The acquisition is targeted to be completed by December 2023 and will enhance the company's existing product basket. The acquired business has a state-of-the-art plant in Daman, Maharashtra, India, with an annual installed capacity of 12,000 metric tons per annum of plasticizers.,
Key Highlights
- Acquired 100% equity of existing plasticizer manufacturing business
- All-cash deal valued at ~Rs 270 million
- Targeted completion by December 2023
- Enhances company's existing product basket
- State-of-the-art plant in Daman, Maharashtra
- Annual installed capacity of 12,000 metric tons per annum of plasticizers