Chembond Chemicals entered into a Share Purchase Agreement (SPA) to acquire the entire equity shares of Phiroze Sethna. Consequently, the company has acquired Phiroze Sethna (PSPL) and its wholly owned subsidiary - Gramos Chemicals India (GCIPL). Post acquisition of above mentioned equity shares, PSPL becomes the wholly owned subsidiary of the company.
Law Charter was the legal advisors to Chembond and YMS Partner LLP, the M&A advisors to Chembond for the transaction.
Chembond Chemicals is engaged in specialty chemicals business and offers a range of products for industrial applications. The company offers products for applications in the areas of construction chemicals, industrial coatings and chemical trading.