An announcement from Camlin Fine Sciences Limited ( (IN:CAMLINFINE) ) is now available.
Camlin Fine Sciences Limited has announced the acquisition of a majority stake in Vinpai S.A., a move that involves issuing new ordinary shares of CFSL at a fixed price per Vinpai share. This strategic acquisition aims to enhance CFSL’s market position by integrating Vinpai’s business operations and is expected to involve a simplified cash tender offer for the remaining shares of Vinpai, pending the completion of the initial block acquisition. The acquisition is set to provide necessary financing for Vinpai’s business continuation, potentially impacting stakeholders by strengthening CFSL’s presence in the market.
More about Camlin Fine Sciences Limited
Camlin Fine Sciences Limited is a leading Indian company specializing in shelf life solutions for flavor and health & wellness ingredients. It is listed on the National Stock Exchange of India Ltd and BSE Ltd in Mumbai, India.
YTD Price Performance: 23.30%
Average Trading Volume: 104,769
Current Market Cap: 30.99B INR
See more data about CAMLINFINE stock on TipRanks’ Stock Analysis page.