Mahesh Singhi
Singhi Advisors Pvt. Ltd.
Sunshield Chemicals Ltd.
Deal Type
Company sale
Sector
Industrials
Completion Date
21st July 2021
Deal Value
Not disclosed
Company Background
Specialty chemicals manufacturer (Listed on BSE)
Deal Summary
Singhi advised Sunshiel Chemicals on its sale to Indus Petrochem. The transaction is part of Solvay’s global strategy to rationalize its global products portfolio. Being non-core to the overall business strategy in India, Solvay agreed to divest the Sunshield business by a sale of its 62.36% stake in the Company to Indus Petrochem and continue to focus on their core business in advance materials and other specialty chemicals from the other manufacturing units in India. Indus Petrochem is desirous of expanding into manufacturing of specialty chemicals, expand its portfolio & strengthen its global presence. This acquisition will enable Indus to achieve its long term objective.
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