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Daikaffil Chemicals India Ltd Q1FY22 loss at Rs. 74.57 lakhs

Daikaffil Chemicals India Ltd Q1FY22 loss at Rs. 74.57 lakhs
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Safex Chemicals acquires Mumbai-based Shogun Organics


Safex Chemicals acquires Mumbai-based Shogun Organics
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Last Updated: May 05, 2021, 06:17 PM IST
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Synopsis
Commenting on the deal, Safex Chemicals Director Piyush Jindal said, We intend to leverage Shogun s existing infrastructure to backward integrate into the agrochemical technicals segment and expand into the agrochemical exports market .
PTI
Safex Chemicals India Ltd on Wednesday announced the acquisition of Mumbai-based chemical maker Shogun Organics for an undisclosed amount. The acquisition will provide Safex a platform to backward integrate the agrochemical technical segment and enter the home care and agrochemical technical manufacturing segment, the company said in a statement.
Meanwhile, the promoters of Safex SK Chaudhary, Neeraj Jindal, Rajesh Jindal and Piyush Jindal will join the board of Shogun Organics, it added. ....

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