Ami Organics acquires 55% stake in Baba Fine Chemicals

Ami Organics has acquired the Partnership Interest of 55% from exiting partners along with the right to receive profits with respect to their Partnership Interest in Baba Fine Chemicals, effective April 1, 2023 vide Deed of Assignment dated September 22, 2023 executed among the company and the Exiting partners of Baba Fine Chemicals and payment of purchase consideration amounting to Rs. 68.21 crores less tax deducted at source. The new partnership deed under the provisions of Partnership Act, 1932 shall be executed in due course and shall be intimated accordingly.

Diamines and Chemicals gets listing approval from NSE

Diamines and Chemicals Limited has received approval letter from National Stock Exchange of India Limited (NSE) for listing of equity shares of the company on Main Board of NSE. The equity shares of the company shall be listed and admitted to dealing on NSE w.e.f. September 25, 2023.

Inox Green Energy to acquire majority stake in Resowi Energy

Inox Green Energy Services Limited has entered into a Share Subscription cum Shareholders' Agreement with Resowi Energy Private Limited to subscribe to the fresh Equity Shares of the Target Company on a private placement basis which will result in the Company acquiring majority stake of 51% in the post share capital of the Target Company. The Target Company is engaged in the business of operations and maintenance of Wind turbine generators (WTGs) and has capabilities to service 2 MW and higher rated WTGs of several OEMs operating in India & Sri Lanka. The acquisition will enhance IGESL's expertise to offer its services to a wider customer base.