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India: Rossari Biotech to acquire Tristar Intermediates

India: Rossari Biotech to acquire Tristar Intermediates
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Edward Menezes , Sarigam Vapi , Tristar Intermediate , Sunil Chari , Tristar Intermediates , எட்வர்ட் மெனிசஸ் , சுனில் சாரி ,

Rossari Biotech plans to acquire Tristar Intermediates


Rossari Biotech announced that its board of directors has approved the acquisition of Tristar Intermediates.
As per the agreement and subject to customary closing conditions, Rossari will be acquiring 100% of the equity share capital of Tristar Intermediates. 76% of the equity share capital will be acquired upon closure of the transaction, and the balance 24% over the next three years.
The total enterprise value of the transaction is Rs. 120 crores. Rossari plans to fund the investment through cash on balance sheet and doesn t intend to raise any debt for this acquisition.
The transaction brings together two high-potential companies within the speciality chemical space. The blend of capabilities will add scale, provide cross-selling opportunities, and accelerate growth for Rossari, while significantly enhancing value creation in the longer term. ....

Edward Menezes , Sarigam Vapi , Animal Health , Rossari Biotech , Tristar Intermediate , Speciality Chemicals , Aroma Chemicals , Personal Care Additives , Executive Chairman , Sunil Chari , Managing Director , Personal Care , Capital Market , எட்வர்ட் மெனிசஸ் , விலங்கு ஆரோக்கியம் , சிறப்பு இரசாயனங்கள் , நறுமணம் இரசாயனங்கள் , தனிப்பட்ட பராமரிப்பு , நிர்வாகி தலைவர் , சுனில் சாரி , நிர்வகித்தல் இயக்குனர் , தனிப்பட்ட பராமரிப்பு , மூலதனம் சந்தை ,