Ashapura International Ltd agreed to acquire Aeon Procare Private Limited from Ashok Alco-Chem Limited (BSE:524594) for INR 120 million on November 7, 2023. As of March 31, 2023, Aeon Procare Private Limited reported income of INR 42 million and net worth INR 37.5 million. The deal has been approved by board of directors, and is subject to approval from shareholders of Ashok Alco-Chem Limited.

The transaction will be completed within 30 days of approval of shareholders received through postal ballot.