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

Raj Shroff

Partner, Managing Director

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