Asahi Songwon Colors Limited (BSE:532853) agreed to acquire Atlas Life Sciences Private Limited (ALSPL) on April 18, 2022. The acquisition of shares under first tranche i.e. 24,30,000 shares of ALSPL representing 78% stake in of the same; ALSPL is completed on April 18, 2022 for a consideration of INR 480 million. price at which the shares Remaining 6,60,000 shares representing 22% stake in ALSPL will be acquired in two tranches (i.e. 3,30,000 shares of ALSPL control acquired and / or representing 11 % stake in each tranche) for a number of shares acquired consideration determined based on EBITDA prevailing for the period October 01, 2022 to September 30, 2023 and October 01, 2023 to September 30, 2024 respectively, in terms of the agreement. Financial details as per the audited financial statements for the Financial Year 2020-21: Turnover is INR 1.1 billion. Earning before interest, taxes, depreciation and amortization (EBITDA) is INR 69.2 million. The Transaction is expected to be completed on or before March 31, 2025. RBSA acted as sell side valuation advisor in the deal.

Asahi Songwon Colors Limited (BSE:532853) completed the acquisition of remaining 22% stake in Atlas Life Sciences Private Limited (ALSPL) on March 26, 2024.