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TIL, JV with TIDCO, is a specialty fluorides chemical manufacturer. The company is also a leading producer of Hydrofluoric Acid and is engaged in manufacturing other organic and inorganic fluorine-based products such as Aluminium Fluoride, Sodium Silico Fluoride, Potassium Fluoride. In addition to that, Sulphuric Acid and Oleum are key products of the company.
Anupam Rasayan India Ltd. a custom synthesis and speciality chemical company,acquired 24.96% of the total equity shareholding of and joint control of Tanfac Industries Limited (TIL) from Birla Group. ARIL will become a promoter and will have joint control in TIL along with TIDCO. Tanfac is a strategic fit for ARIL's fluorination chemistry business which will help reduce their import dependence and launch new derivatives under this chemistry. They will add Fluoro derivatives having application in Crop protection, Pharma intermediates and Polymers such as Fluoro Elastomers and Fluoro Electrolytes and other Polymers which have application in Polyamide and Semiconductors.
Singhi Advisirs acted as exclusive Financial Advisor to the Transaction
