Heranba Industries acquires 31.50% equity stake in Daikaffil Chemicals India

Mikusu India Private Limited, a wholly owned subsidiary of the Heranba Industries Limited has acquired a 31.50% equity stake in Daikaffil Chemicals India. In furtherance to our earlier intimation dated November 8, 2023, in connection with the open offer for acquisition of equity shares of Daikaffil Chemicals India Limited, the company would like to inform that the acquirer on January 9, 2024 has acquired 18,89,875 equity shares (i.e. 31.50% of the equity and voting share capital) of the target company pursuant to the Share Purchase Agreement dated November 8, 2023.

Thirumalai Chemicals starts fumaric acid production

Thirumalai Chemicals Limited has informed that TCL Intermediates Private Limited, a wholly owned subsidiary of the company, has commenced commercial production today, from its greenfield plant at Dahej. The product manufactured is Fumaric Acid. This is expected to augment a revenue by about Rs. four crore from its operations for the quarter ending March 2024.