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Privi Speciality Chemicals Limited ( (IN:PRIVISCL) ) has shared an announcement.
Privi Speciality Chemicals Limited’s board has approved a Scheme of Amalgamation to merge Privi Fine Sciences Private Limited and Privi Biotechnologies Private Limited, its wholly owned subsidiary, into the listed parent company, subject to approvals from shareholders, creditors, the National Company Law Tribunal and other regulators under the Companies Act, 2013. The transaction, classified as a related-party deal, will be executed on the basis of an independent valuation and fairness opinion, aiming to dissolve the transferor entities without winding up, streamline the group structure, and potentially enhance operational efficiency and balance sheet clarity for investors and other stakeholders.
More about Privi Speciality Chemicals Limited
Privi Speciality Chemicals Limited is an Indian specialty chemicals manufacturer based in Navi Mumbai, focused on fine and speciality chemical products, including fragrance and flavour ingredients, with operations consolidated under various group entities such as Privi Fine Sciences and Privi Biotechnologies.
Average Trading Volume: 5,531
Technical Sentiment Signal: Buy
Current Market Cap: 118.3B INR
For detailed information about PRIVISCL stock, go to TipRanks’ Stock Analysis page.