IMCD N.V. (ENXTAM:IMCD) signed an agreement to acquire 70% stake in Valuetree Ingredients Private Limited from the founders of Valuetree Ingredients Private Limited on December 15, 2023. IMCD N.V. (ENXTAM:IMCD) will acquire the remaining 30% stake in Valuetree Ingredients Private Limited in 2025. The founders of Valuetree will continue to lead the company post-completion of this first tranche. For the financial year ended on March 31, 2023 Valuetree Ingredients Private Limited generated revenue of approximately INR 4.4 billion. Ernst & Young Private Limited, Investment Banking Arm acted as financial advisor to Valuetree Ingredients Private Limited.

IMCD N.V. (ENXTAM:IMCD) completed the acquisition of 70% stake in Valuetree Ingredients Private Limited from the founders of Valuetree Ingredients Private Limited on January 9, 2024. Shourya Sengupta, Saswat Subasit, Sneh Lata, Sheldon Dsouza, Abhinav Rastogi, Shailendra Bhandare and Sourav Dan of Khaitan & Co. acted as the legal advisor to Valuetree Ingredients.