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PCBL shares gain 3% on buying Aquapharm Chemicals for Rs 3,800 crore

The company has executed a share purchase agreement with ACPL, Mr. Vimal V. Mangwani, Mr. Dharmesh Mangwani, Mr. Nitin Raojibhai Desai and other shareholders of ACPL.

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Stock Market Live Updates 29 November 2023: Sensex and Nifty surge on global optimism; Tech Mahindra gains over 2%

Stock Market Live Updates 29 November 2023: Sensex and Nifty surge on global optimism; Tech Mahindra gains over 2%
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Phillips Carbon Black | PCBL in Rs 3,800 crore deal to buy Pune-based speciality chemicals company Aquapharm

Aquapharm, which had a consolidated turnover of Rs 2,008.8 crore and EBIDTA of Rs 417 crore in 2022-23, is a private company engaged in the business of manufacturing specialty chemicals offering water treatment solutions to global customers across diverse end markets

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PCBL to acquire Aquapharm Chemicals for Rs3,800 crore

The Board of Directors of PCBL Limited has approved the acquisition of 2,12,172 shares of Aquapharm Chemicals Private Limited (ACPL), for an aggregate consideration of Rs 3,800 crores representing 100 per cent of the issued and paid-up share capital (on a fully diluted basis) of ACPL.

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