Anupam Rasayan India Limited has approved the acquisition of 2,60,065 equity shares in Tanfac Industries Limited for an aggregate consideration of ₹60,88,12,165. This preferential issue transaction aims to increase Anupam Rasayan’s shareholding in Tanfac, a company operating in the chemicals and petrochemicals industry, particularly in fluorine chemistry. The acquisition is expected to be completed by September 09, 2026.
Anupam Rasayan India Board Approves Significant Stake Acquisition
In a strategic move to enhance its market position, the Board of Directors of Anupam Rasayan India Limited (the “Company”) has approved the acquisition of 2,60,065 equity shares in Tanfac Industries Limited. The shares, each with a face value of ₹5, were acquired at an issue price of ₹2,341 per share.
Transaction Details and Rationale
The total aggregate consideration for this preferential issue amounts to ₹60,88,12,165 (Rupees Sixty Crores Eighty-Eight Lakhs Twelve Thousand One Hundred Sixty-Five). This acquisition is aimed at increasing the Company’s shareholding in Tanfac Industries Limited. The deal was finalized via a private placement offer-cum-application in Form PAS-4 dated September 03, 2026.
Tanfac Industries Overview
Tanfac Industries Limited operates in the chemicals and petrochemicals sector, specializing in fluorine chemistry. Its product portfolio includes anhydrous hydrofluoric acid, solar-grade diluted hydrofluoric acid, and various other fluorine derivatives used in industries such as refrigerants, solar cells, and pharmaceuticals. Tanfac was incorporated on December 20, 1972, and commenced commercial production in March 1985. For the fiscal year 2025-26, Tanfac reported a turnover of ₹711.1 crores and a Net Worth of ₹373.2 crores.
Completion and Shareholding
The allotment of these equity shares is tentatively scheduled to be completed by Wednesday, September 09, 2026. Post-acquisition, Anupam Rasayan India Limited’s shareholding will represent approximately 0.73% of Tanfac Industries Limited’s post-issue paid-up equity share capital. The acquisition is considered a cash consideration and is not defined as a ‘related party transaction’ under the Listing Regulations, despite Tanfac being a subsidiary of Anupam Rasayan India Limited.
Source: BSE
