Introduction:
Leading chemical company announces the acquisition of a 60% equity stake in Trancemarine and Confreight Logistics. The deal, valued at ₹4.23 crore, will make the logistics firm a subsidiary, expanding the company’s business portfolio.
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Share price movement of Himadri Speciality Chemical:
On April 4, 2025, Himadri Speciality Chemical Ltd opened at ₹459.60, up 0.66% from its previous close of ₹456.60. The stock touched a high of ₹459.60 and a low of ₹433.40. By 9:48 AM, it traded at ₹443.35 with a market cap of ₹21,887.36 crore.
Himadri Acquires 60% in Logistics Firm:
Himadri Speciality Chemical Ltd has announced the acquisition of a 60% equity stake in Trancemarine and Confreight Logistics Private Limited. The Board approved the deal in a meeting held on April 3, 2025.
The total cash consideration for the acquisition is ₹4.23 crore. Post-acquisition, Trancemarine and Confreight Logistics will become a subsidiary of Himadri Speciality Chemical Ltd, while its subsidiary, Sturdy Niketan Private Ltd, will become a step-down subsidiary.
The transaction includes signing a Share Purchase Agreement and Shareholders Agreement with the existing shareholders and key personnel. Himadri will also execute related documents including a loan agreement as part of the deal.
Stock performance of Himadri Speciality Chemical for Period of 1 week, 6 months, and 1 year:
Himadri Speciality Chemical Ltd delivered a 7.53% return over the past week, but declined by 28.1% in the past six months. The stock gained 36.4% over the past year.
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Shareholding pattern of Himadri Speciality Chemical:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 51.60% | 50.80% | 50.20% |
| FII | 5% | 5% | 5% |
| DII | 4% | 4% | 2% |
| Public | 39.10% | 40.40% | 42.40% |
About Himadri Speciality Chemical:
Himadri Speciality Chemical Ltd (NSE: HSCL) is India’s leading manufacturer of carbon materials, coal pitch, and naphthalene, and the only domestic producer of advanced carbon material and SNF, serving multiple industrial sectors.
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.
