Corporate News     28-Nov-23
Board of PCBL approves acquisition of Aquapharm Chemicals for Rs 3,800 cr
At meeting held on 28 November 2023
The Board of PCBL at its meeting held on 28 November 2023 has in-principle approved the acquisition, directly or through one of its affiliates, of 212,172 shares of Aquapharm Chemicals (ACPL), for an aggregate consideration of Rs 3,800 crore (subject to agreed adjustments) representing 100% of the issued and paid-up share capital (on a fully diluted basis) of ACPL.

This acquisition of ACPL marks company's foray into global specialty segments of Water treatment Chemicals and Oil & Gas Chemicals and it is the first milestone in achieving the vision of creating a multi-platform global specialty chemical business portfolio.

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