Meghmani Organics has acquired 24.97% equity stake in Meghmani Finechem.

Meghmani Agrochemicals (MAPL), the company’s wholly-owned subsidiary has provided successful exit to International Finance Corporation (IFC), by acquiring 24.97% equity stake held by IFC in Meghmani Finechem. The total consideration paid for the said acquisition is Rs.2,212 million.

Furthermore, CEO of Meghmani Organics, Ankit Patel stated, “Our foray into basic chemicals has been instrumental in the strategic growth of MOL. This segment has been demonstrating robust growth with strong drivers in place.”

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