CFI advised Lime Chemicals on its sale of a minority stake to an investor group
Mumbai – CFI India acted as the exclusive corporate finance advisor to Lime Chemicals Limited on the sale of a minority stake to an investor group.
Lime Chemicals Limited (ISIN: INE891G01011, ticker symbol: BSE507759) manufactures and sells precipitated and activated calcium carbonate primarily in India. Its calcium carbonate is used as input material in various industrial sectors, such as tooth paste, pharmaceuticals, PVC products, rubber, plastic, polymer, cable, leather, paper, paints, etc. The company also exports its products to South and Middle East Asia, Africa, and SAARC countries. Lime Chemicals Limited was founded in 1970 and is headquartered in Mumbai, India.
CFI India assisted Lime Chemicals Limited in identifying investors and successfully concluding the issue of shares to those investors on preferenatial basis.
The transaction closed on 31 May 2017.
Chemicals
has sold a minority stake to an investor group
Transaction details
An investor group raised their stake to 52.202% from 2.623%, by acquiring a 49.579% stake in Lime Chemicals Limited, a Mumbai-based manufacturer of inorganic chemicals
This transaction was advised by:
Raj Shroff
Partner, Managing DirectorOur latest transactions
Business Services
has been acquired by
Transaction details
Hydrographic and geological surveys provider Clinton Marine Survey welcomes Sobro as its new ownership partner
Business Services
has been acquired by
Transaction details
Swedish HR and staffing expert Prodea has been acquired by Consolid
Food & Beverage & Agribusiness
have acquired
Transaction details
French bakery group Occipain (La Panetière) has been acquired by Arterris, UI Investissement and Crédit Mutuel Equity to fuel the next stage of its growth