Board of Himadri Speciality Chemical approves acquisition of majority stake in Trancemarine and Confreight Logistics

The Board of Himadri Speciality Chemical at its meeting held on 03 April 2025 has approved the acquisition of 60% paid-up equity share capital of Trancemarine and Confreight Logistics for a purchase consideration of Rs 4.23 crore in cash' by way of purchase of equity shares from the existing shareholder.

On completion of the transaction,' Trancemarine and Confreight Logistics will become subsidiary of Himadri Speciality Chemical, while' Sturdy Niketan, subsidiary of Trancemarine and Confreight Logistics will become a step-down subsidiary of Himadri Speciality Chemical.