PCBL Limited acquire Aquapharm Chemical Pvt. Ltd. from Vimal V. Mangwani, Dharmesh Mangwani, Nitin Raojibhai Desai and other shareholders for INR 38 billion.
January 30, 2024
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PCBL Limited (NSEI:PCBL) entered into a share purchase agreement to acquire Aquapharm Chemical Pvt. Ltd. from Vimal V. Mangwani, Dharmesh Mangwani, Nitin Raojibhai Desai and other shareholders for INR 38 billion on November 28, 2023. As of March 31, 2023, Aquapharm Chemical Pvt. Ltd. reported turnover of INR 20.45 billion, EBIDTA of INR 4.17 billion and profit after tax of INR 2.75 billion. The transaction is subject to approval from the Competition Commission of India and other customary related filings and approvals. The acquisition is expected to be completed within 2-3 months from the date of SPA execution. Rohitashwa Prasad of Dentons Link Legal acted as legal advisor to Aquapharm Chemical. Aamit Joshi, Bernd Schneider, Sarah Dick and Amitabh Ghule of Stifel Nicolaus Europe Limited acted as financial advisor to Aquapharm Chemical. PCBL Limited (NSEI:PCBL) completed the acquisition of Aquapharm Chemical Pvt. Ltd. from Vimal V. Mangwani, Dharmesh Mangwani, Nitin Raojibhai Desai and other shareholders for INR 38 billion on January 31, 2024.
PCBL Limited (NSEI:PCBL) completed the acquisition of Aquapharm Chemical Pvt. Ltd. from Vimal V. Mangwani, Dharmesh Mangwani, Nitin Raojibhai Desai and other shareholders for INR 38 billion on January 31, 2024.
PCBL Limited is an India-based carbon black manufacturer. The Company operates in the materials and specialty chemicals segment with a production capacity of approximately 7,70,000 metric tons per annum and generating 110 megawatts per hour of green power. It has a presence in over 50 countries. Its products include specialty chemicals, Tires and Performance Chemicals, Product Stewardship, and Safety Data Sheet (SDS). Specialty Chemicals are primarily used as a pigment in plastics, inks, coatings, and many other applications. This is also used for high technology applications such as fiber, rechargeable batteries, and premium automotive coatings. Its specialty chemicals-related product segments include fiber, food contact, pressure pipes, multi layered films, drip irrigation, inks and coatings, general pipes, films and moldings, and engineering plastics. The Companyâs plants are located at Durgapur (West Bengal), Palej (Gujarat), Mundra (Gujarat), and Kochi (Kerala).
PCBL Limited acquire Aquapharm Chemical Pvt. Ltd. from Vimal V. Mangwani, Dharmesh Mangwani, Nitin Raojibhai Desai and other shareholders for INR 38 billion.
PCBL LIMITED 
