FIH Mauritius Investments Ltd. made an offer to acquire an additional 25.9% stake in Fairchem Organics Limited (BSE:543252) for INR 1.9 billion on December 24, 2020. As a part of transaction, FIH Mauritius Investments will acquire 3.377953 million shares of Fairchem Organics at a price of INR 575.53 per share in cash. FIH Mauritius Investments Ltd. has confirmed that it has adequate resources for fulfilling the payment obligations under this Open Offer.

The source of funds is foreign funds. Pre-deal, FIH Mauritius Investments held 48.75% stake and post completion, it will hold 74.69% stake in Fairchem Organics. This offer is not subject to any minimum level of acceptance.

Tender offer will commence on February 16, 2021 to March 2, 2021. As of December 31, 2020, Tender offer will commence on February 9, 2021 to February 23, 2021. As of February 25, 2021, settlement date has been revised to March 2, 2021.

Prachee Dhuri of JM Financial Limited (BSE:523405) acted as financial advisor and Sumeet Deshpande of Link Intime India Pvt. Ltd. acted as registrar to FIH Mauritius Investments. RBSA Advisory Pvt.

Ltd. acted as financial advisor to Fairchem Organics Limited.