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PCBL announced acquisition of Aquapharm Chemicals for Rs 3,800 Crore

PCBL Limiteds Board of Directors has given the green light for the acquisition of 100% of the issued and.

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Phillips Carbon Black | PCBL in Rs 3,800 crore deal to buy Pune-based speciality chemicals company Aquapharm

Aquapharm, which had a consolidated turnover of Rs 2,008.8 crore and EBIDTA of Rs 417 crore in 2022-23, is a private company engaged in the business of manufacturing specialty chemicals offering water treatment solutions to global customers across diverse end markets

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Hot Stocks: Brokerages view on Siemens and PCBL

Meanwhile, JM Financial and Nuvama retain their buy rating on the latter, after the company approved acquisition of shares of a chemical company.

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PCBL to acquire Aquapharm Chemicals for Rs3,800 crore

The Board of Directors of PCBL Limited has approved the acquisition of 2,12,172 shares of Aquapharm Chemicals Private Limited (ACPL), for an aggregate consideration of Rs 3,800 crores representing 100 per cent of the issued and paid-up share capital (on a fully diluted basis) of ACPL.

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