Mumbai: announced on 1 October 2026, the completion of its acquisition of a 15.89% stake in Sudarshan Colorants India Limited (formerly Heubach Colorants India Limited) for a total consideration of ₹150.75 crore.
Acquisition Details
The company acquired 36,68,036 equity shares of Sudarshan Colorants India, each with a face value of ₹10.00. The shares were purchased from Sudarshan Europe B.V., a wholly owned subsidiary of Sudarshan Chemical Industries Limited.
Background of the Transaction
This is part of a larger proposed transaction initially disclosed on 12 August 2026, to acquire 70.26% of the total shareholding of Sudarshan Colorants India Limited. The company had also reported on 28 September 2026, the execution of a share purchase agreement with Sudarshan Europe B.V.
Future Disclosures
Sudarshan Chemical Industries stated that further updates regarding the proposed transactions will be reported in accordance with SEBI Listing Regulations, 2015.
Management Commentary
Rajesh Rathi, Chairman and Managing Director, signed the disclosure.