Adani Wilmar (NSE:AWL, BOM:543458) has agreed to acquire a 67% stake in specialty chemicals company Omkar Chemical Industries at an enterprise value of 562.5 million Indian rupees, according to a Thursday filing to the stock exchanges.
Omkar Chemicals operates a manufacturing plant with an annual capacity of 20,000 MT of surfactants at Panoli in Gujarat, India.
The transaction is expected to be completed in three to four months.
Shares of the company were up 1% in recent trade.
Price (INR): â¹338.20, Change: â¹+4.00, Percent Change: +1.20%
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