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Himadri Speciality Chemical Expands with Strategic Acquisition

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Himadri Speciality Chemical Expands with Strategic Acquisition

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Himadri Speciality Chemical Ltd. ( (IN:HSCL) ) has shared an announcement.

Himadri Speciality Chemical Ltd. announced the acquisition of a 60% equity stake in Trancemarine and Confreight Logistics Private Limited for INR 4.23 crore. This strategic move will make Trancemarine a subsidiary and its subsidiary, Sturdy Niketan Private Limited, a step-down subsidiary of Himadri, potentially enhancing its logistics capabilities and market reach.

More about Himadri Speciality Chemical Ltd.

Himadri Speciality Chemical Ltd. operates in the chemical industry, focusing on the production and distribution of specialty chemicals. The company is involved in various market segments, providing products that cater to diverse industrial needs.

YTD Price Performance: -21.71%

Average Trading Volume: 81,744

Current Market Cap: 215.1B INR

Learn more about HSCL stock on TipRanks’ Stock Analysis page.

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