Introduction:
Leading chemical company acquired 185,582 equity shares, increasing its stake to 1.43%. The open market transaction is part of the promoter group’s strategy to consolidate holdings. The total equity share capital remains unchanged at 13,020,902 shares.
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Share price movement of Fairchem Organics:
On December 19, 2024, Fairchem Organics Ltd opened at ₹1,140.25, up 0.38% from its previous close of ₹1,163.55. The stock reached a high of ₹1,307.95 (12.41%) and a low of ₹1,128.40. By 3:29 PM, it traded at ₹1,168.05, a 0.39% increase, with a market cap of ₹1,520.91 crore.
FIH acquires 1.43% stake in Fairchem:
FIH Private Investments Ltd has disclosed the acquisition of 185,582 equity shares of Fairchem Organics Limited on December 17, 2024. This acquisition increases the acquirer’s holding to 1.43%, bringing its total stake in the company to 1.43%.
Before the acquisition, FIH Mauritius Investments Ltd, a promoter group entity, held 52.83% of the shares in Fairchem Organics. After the acquisition, the promoter group still holds 52.83% of the company. The acquisition took place through the open market transaction.
Fairchem Organics’ total equity share capital remains unchanged at 13,020,902 shares with a face value of ₹10 each. The stock is listed on both the NSE and BSE. This acquisition is in line with the promoter group’s ongoing efforts to increase its stake in the company.
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Recent news on Fairchem Organics:
As of November 13, 2024, Fairchem Organics reported a 61% YoY decline in Q2FY25 net profit to Rs 4.01 crore. Revenue dropped 9% YoY to Rs 138 crore, while EBITDA fell 48%, and margins contracted to 6.3%.
Stock performance of Fairchem Organics for Period of 1 week, 6 months and 1 year:
Fairchem Organics Ltd. has shown a strong performance with a 37.7% return over the past week. However, its 6-month return stands at -15.3%, while its 1-year return has improved by 2.6%, reflecting a mixed but positive outlook.
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Shareholding pattern of Fairchem Organics:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 58.70% | 58.70% | 58.90% |
| FII | 6.40% | 6.30% | 6.30% |
| DII | 5% | 5.20% | 5.30% |
| Public | 29.80% | 29.80% | 29.60% |
About Fairchem Organics:
Fairchem Organics (NSE: FAIRCHEMOR) is a leading manufacturer of speciality chemicals, including Dimer acid and Tocopherol, used in various industries. It operates a state-of-the-art manufacturing plant in Ahmedabad, Gujarat, specializing in refining oil mill waste to produce value-added products.
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.
