Colorants International AG completed the acquisition of 3.36525% stake in Clariant Chemicals Limited from the public shareholders for approximately INR 380 million.
price to the public shareholders of the Target Company is in compliance with the Regulations and to that extent is fair and reasonable. The recommendations were unanimously approved by the members of IDC.
Offer will open on February 24, 2022 and will close on March 10, 2022. As per revised schedule, Offer will open on February 16, 2022 and will close on March 2, 2022. Sameer Purohit, Mitesh Shah, Gaurav Mittal and Allwyn Cardoza of ICICI Securities Limited (NSEI:ISEC) acted as financial advisors to SK Capital Partners. Sumeet Deshpande of Link Intime India Pvt. Ltd. acted as registrar to SK Capital Partners. RBSA Advisory Pvt. Ltd. acted as financial advisor to Clariant Chemicals (India) Limited.
Colorants International AG completed the acquisition of 3.36525% stake in Clariant Chemicals (India) Limited (BSE:506390) from the public shareholders for approximately INR 380 million on March 2, 2022.