Chemical stock jumps after signing LOI worth ₹922 Cr with leading Korean MNCChemical stock jumps after signing LOI worth ₹922 Cr with leading Korean MNC

Introduction:

Chemical stock has signed a 10-year Letter of Intent (LOI) with a leading Korean multinational for the supply of a high-performance niche chemical valued at $106 million (~₹922 crores). The agreement is set to begin in FY26, enhancing global market presence.

Share Price movement of Anupam Rasayan India:

On March 11, 2025, Anupam Rasayan India Limited opened at ₹808.00, reaching a high of ₹809.65, up 0.16% from its previous close of ₹787.95, and a low of ₹783.05. The stock is currently trading at ₹789.25, with a market cap of ₹8,676.33 crore.

Anupam Rasayan India signed LOI:

Anupam Rasayan India Ltd has signed a 10-year Letter of Intent (LOI) with a leading Korean multinational company for the supply of a high-performance niche chemical, valued at $106 million (~₹922 crores). This agreement is expected to commence in FY26.

The LOI underscores Anupam Rasayan’s expertise in specialty chemicals, particularly for niche applications in the aviation and electronics sectors. The company’s backward integration capabilities ensure a stable and efficient supply chain for its global customers, including those in South Korea, enhancing its market presence.

The signed LOI, which is an international agreement, highlights the strong growth potential in high-demand global markets. The agreement does not involve related party transactions, and the terms reflect a standard commercial relationship between the parties.

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Ace investor holding of Anupam Rasayan India:

Milan R Thakkar holds 18.96% of Anupam Rasayan India Ltd, owning 20,847,326 shares valued at ₹1,646.8 crores. Milan is a significant shareholder, reflecting confidence in the company’s growth trajectory and its position in the specialty chemicals industry.

Jayeshkumar Virendrabhai Patel owns 1.13% of Anupam Rasayan India Ltd, holding 1,241,394 shares valued at ₹98.1 crores. Patel’s stake showcases a strategic investment in the company’s future success within the specialty chemicals market.

Stock performance of Anupam Rasayan India for Period of 1 week, 6 months and 1 year:

Anupam Rasayan India’s stock has risen by 7.99% over the past week, reflecting positive short-term growth. Over the last six months, it has gained 2.28%, indicating stability. However, the stock has faced a decline of 16.9% over the past year, showing long-term challenges.

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Shareholding pattern of Anupam Rasayan India:

All values in %	Dec 2024	Sept 2024	Jun 2024
Promoters	61.18	61.23	61.23
FII	7.46	7.00	7.14
DII	2.32	2.30	2.65
Retail & others	29.06	29.47	28.97

About Anupam Rasayan India:

Anupam Rasayan India Ltd is a leading custom synthesis and specialty chemicals manufacturer. The company specializes in producing high-performance chemicals for diverse industries, including agriculture, electronics, and pharmaceuticals, focusing on innovation, R&D, and sustainable solutions for global markets.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.