Fairfax India to acquire 45% stake in specialty chemicals maker ADI Finechem

Fairfax India to acquire 45% stake in specialty chemicals maker ADI Finechem

Image from ADI Finechem website

Canada-based Fairfax India Holdings Corporation has entered into an agreement with existing shareholders of ADI Finechem Ltd (ADI) to acquire 45 per cent stake in the Indian company for a total consideration of nearly $20 million (Rs.130 crore).

The transaction is being routed by Fairfax India Holdings Corporation through its wholly-owned subsidiaries (collectively, “Fairfax India”). Fairfax India will acquire the outstanding shares of publicly-listed ADI at a price of Rs 212 per share, ADI said in a BSE filing.

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