Fairchem Organics lists at ₹659 after demerger
December 24, 2020
Promoters launch open offer at ₹575.53 a share
The stock of Fairchem Organics, the resultant entity from Fairchem Speciality Ltd, got listed on Thursday at ₹659 on the BSE and closed at ₹640.
The equity shares of Fairchem Organics Ltd were admitted to dealings on the BSE under ‘T’ group from Thursday.
FIH Mauritius Investments Ltd along with FIH Private Investments Ltd, Nahoosh Jariwala and others, as the persons acting in concert, have announced a mandatory open offer for acquisition of up to 33.78 lakh shares fully paid-up equity shares of face value of ₹10 each from the public shareholders of Fairchem Organics, representing 25.94 per cent, of the voting share capital, at ₹575.53 a share for total consideration of ₹194.41 crore.