Ami Organics has received an approval for acquisition of 55% partnership interest in the partnership firm i.e. Baba Fine Chemicals (BFC) on a going concern basis from the partners of BFC, Dr. Ram Bilas Sharma and Kavita Bhatia, for a total purchase consideration of Rs 68.21 crore subject to adjustments as may be required at closing stage (Purchase Consideration).
The acquisition of Partnership Interest is in line with the inorganic growth strategy of expansion further into the specialty chemicals sector of the company and it believes that the acquisition significantly complements its existing product portfolio. The Board of Directors of the Company at its meeting held on April 22, 2023, has, approved the same.
Ami Organics is one of the leading research and development driven manufacturers of specialty chemicals. The company manufactures different types of Advanced Pharmaceutical Intermediates and Active Pharmaceutical ingredients (API) for New Chemical Entities, and material for agrochemicals and fine chemicals.
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