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Camlin Fine Sciences Limited ( (IN:CAMLINFINE) ) has provided an update.
Camlin Fine Sciences Limited has announced its strategic acquisition of a majority stake in Vinpai S.A. through a Share Purchase Agreement. The acquisition involves a share swap and an investment of €3.3 million in convertible bonds, which will be converted into equity shares. This move is part of Camlin’s expansion strategy, potentially enhancing its market position by integrating Vinpai’s offerings into its portfolio. The acquisition is subject to regulatory approvals and includes a mandatory cash tender offer for remaining shares, with the possibility of a squeeze-out process if Camlin secures over 90% of Vinpai’s share capital.
More about Camlin Fine Sciences Limited
Camlin Fine Sciences Limited operates in the chemical industry, focusing on the production of specialty chemicals and blends. The company is known for its expertise in antioxidants and aroma chemicals, serving various sectors including food, feed, and industrial applications.
YTD Price Performance: 11.38%
Average Trading Volume: 89,406
Current Market Cap: 29.14B INR
For an in-depth examination of CAMLINFINE stock, go to TipRanks’ Stock Analysis page.