Sudarshan Europe B.V., along with Sudarshan Chemical Industries Ltd and its affiliates, has announced an open offer to acquire a 26% stake in Heubach Colorants India Ltd (HCIL). The move comes as part of a strategic expansion by Sudarshan Chemical to strengthen its presence in India’s pigments and specialty chemicals market.
Open Offer Details
The offer includes the acquisition of 60,01,268 fully paid-up equity shares, representing 26% of Heubach Colorants India’s total equity share capital. The offer price has been set at ₹602.03 per share, which represents a significant valuation of the company’s stock.
This open offer is in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and is subject to regulatory approvals.
Tentative Timeline for the Offer
- Offer Opening Date: April 30, 2025
- Offer Closing Date: May 15, 2025
- Payment Completion Date: May 29, 2025
Strategic Implications
The acquisition is expected to bolster Sudarshan Chemical’s position in the pigments and colorants industry, enhancing its product portfolio and market share. Heubach Colorants India, previously known as Clariant Chemicals, has a strong footprint in industrial color solutions, making it an attractive acquisition target.
With this move, Sudarshan Chemical aims to consolidate its market position and leverage synergies with Heubach’s global pigment business. The deal, once completed, will further strengthen its competitive edge in the industry.
Investors will closely watch the share price movement of Heubach Colorants India Ltd, as the open offer price of ₹602.03 per share may influence stock performance in the coming weeks.
Would you like further insights on how this offer could impact Heubach’s future operations and market position?
