Announced
Financials
Sources
Tags
India
chemical manufacturing
Specialty Chemicals
Acquisition
Domestic
Majority
Private
Pending
Friendly
Single Bidder
Synopsis
RP-Sanjiv Goenka Group, an industrial and services conglomerate, agreed to acquire Aquapharm Chemicals, a chemical manufacturer, for $455m. PCBL, earlier known as Phillips Carbon Black, expects to finance the deal through a mix of internal accruals and external fundraising, the company told stock exchanges after the share-purchase agreement was signed on 28 November. The acquisition is expected to be completed in two to three months.
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