ANURAS NSE filing

Anupam Rasayan to Acquire Jayhawk Fine Chemicals for $150 Million

The RealCase readHigh impact Positive

Anupam Rasayan to acquire Jayhawk Fine Chemicals for $150M (₹1,245 crore), expanding its US presence and polymer portfolio. The acquisition will be funded via internal accruals, debt, and quasi equity.

Why it matters

The acquisition of Jayhawk Fine Chemicals for $150 million (₹1,245 crore) is a significant strategic move for Anupam Rasayan, providing access to the U.S. market and expanding its capabilities in performance materials. This is likely to have a substantial impact on the company's future growth and profitability.

The market read

The announcement highlights a strategic acquisition that expands Anupam Rasayan's global presence and product portfolio, which is generally viewed positively by investors.

* Anupam Rasayan India Ltd. has signed a definitive agreement to acquire 100% equity stake in Jayhawk Fine Chemicals Corporation, a U.S. based specialty chemical company, for a purchase consideration of ~$150 million (₹1,245 crore). * The purchase consideration includes payment against the equity value of Jayhawk and existing loans payable to the exiting shareholders. * Factoring in ~$16 million (₹132.8 crore) of cash and cash-like items for Jayhawk as of June-25, the enterprise value translates to ~$134 million (₹1,111.7 crore). * Jayhawk recorded revenues and adjusted EBITDA of ~$78 million (₹646.4 crore) and ~$15 million (₹124.5 crore) respectively in CY24, resulting in an EV to EBITDA multiple of ~9x. * The acquisition will be financed through internal accruals, debt, and quasi equity from a leading global investment management firm with AUM exceeding $100 billion (₹8,30,000 crore). * This acquisition marks Anupam’s entry into onshore manufacturing in the United States, aligning perfectly with the Company’s global expansion strategy. * According to Anand Desai, Managing Director, Anupam Rasayan India Ltd., this acquisition is a transformative step in Anupam’s global journey and strengthens their global footprint.

Filing to action

What to do with a filing like this

Anupam Rasayan India Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.

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Primary source

A plain-language summary of a public exchange filing by Anupam Rasayan India Limited. Read the original for the full detail.

View original filing