Himadri Speciality gains on acquiring 100% paid-up equity share capital of Elixir Carbo
Himadri Speciality Chemical is currently trading at Rs. 484.80, up by 5.80 points or 1.21% from its previous closing of Rs. 479.00 on the BSE.
The scrip opened at Rs. 491.30 and has touched a high and low of Rs. 505.00 and Rs. 480.35 respectively. So far 160675 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 688.50 on 18-Sep-2024 and a 52 week low of Rs. 307.30 on 05-Jun-2024.
Last one week high and low of the scrip stood at Rs. 505.00 and Rs. 442.45 respectively. The current market cap of the company is Rs. 23914.66 crore.
The promoters holding in the company stood at 51.61%, while Institutions and Non-Institutions held 9.99% and 38.39% respectively.
Himadri Speciality Chemical has received approval from board of directors to acquire 100% paid-up equity share capital of Elixir Carbo (Target Company), for a total purchase consideration of Rs 7.50 crore (Purchase Consideration) in cash, by way of purchase of equity shares from the existing shareholders of the Target Company.
Further, the Board has also approved the execution of a share purchase agreement (SPA) between the Company, the Target Company, its existing shareholders and other necessary documents regarding the aforementioned acquisition, whereby the Company agrees to acquire 100% stake in the Target Company. On completion of the said purchase, Elixir Carbo will become a Wholly Owned Subsidiary (WOS) of the Company. The board of directors of Himadri Speciality Chemical at their meeting held on April 21, 2025 has considered and approved the same.
Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals. The company has operations in India and caters to both domestic and international markets.
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