Indigo Paints Limited (NSEI:INDIGOPNTS) agreed to acquire Apple Chemie India Pvt. Ltd for INR 0.01 million on April 3, 2023. Under the terms, Indigo Paints will acquire 44,924 equity shares. Indigo Paints also has an option to acquire additional stake in Apple Chemie at the end of 3 years. During 2022, Apple Chemie India Pvt. Ltd reported turn over off INR 318.1 Million. Acquizon Advisory Pvt Ltd and Acumen M&A Advisors LLP acted as financial advisor and Clove Legal acted as legal advisor and Acquizon Advisory Pvt Ltd to Indigo Paints Limited. Kreo Capital Private Limited acted as financial advisor and Rajkotia Associates Advocates acted as legal advisor to Apple Chemie India Pvt. Ltd.

Indigo Paints Limited (NSEI:INDIGOPNTS) completed the acquisition of Apple Chemie India Pvt. Ltd on April 3, 2023.