Acquisition Details

  • Target Asset: Plant measuring 5000 sqm located at Z/80, Dahej SEZ
  • Seller: Axiom Chemicals Private Limited (the seller company itself is not being acquired)
  • Transaction Type: Asset acquisition (not share acquisition)
  • Related Party Status: Not a related party transaction. No promoter/promoter group/group companies have any interest in the seller or the transaction.
  • Industry: Chemicals
  • Purpose: To expand manufacturing capacity for business growth

Regulatory Approvals Required

  • Development Commissioner/SEZ authority approval for transfer of unit/land lease rights
  • Other approvals including State Pollution Control Board, GIDC/relevant development authority consent as applicable

Transaction Timeline

Completion targeted within one month, subject to receipt of requisite approvals and execution of definitive agreements.

Financial Considerations

  • Consideration Type: Cash consideration
  • Funding Source: Internal accruals
  • Additional Costs: Transaction includes taxes, duties, stamp duty, registration, and other incidental charges
  • No shares are being acquired - this is purely an asset acquisition

Background on Seller

Axiom Chemicals Private Limited is engaged in the business of chemicals and the plant being acquired is engaged in manufacturing chemicals.