Primo Chemicals Acquires Remaining 51% Stake in Flow Tech, Making it a Wholly Owned Subsidiary
Primo Chemicals Limited acquired the remaining 51% stake in Flow Tech Chemicals Private Limited on September 16, 2026, making it a wholly owned subsidiary. The acquisition was approved by shareholders on August 5, 2026.
The acquisition of a subsidiary is a significant corporate action that could impact the company's operations and financial performance.
The acquisition of a remaining stake and making a subsidiary wholly owned is a positive strategic move for the company.
Primo Chemicals Limited has announced the successful acquisition of the remaining 51% equity stake in Flow Tech Chemicals Private Limited ("Flow Tech"). This acquisition, approved by the company's members via postal ballot and e-voting on 5th August 2026, was finalized on 16th September 2026 with the execution of the 2nd Supplementary Share Purchase Agreement.
As a result of this transaction, Flow Tech Chemicals Private Limited is now a wholly owned subsidiary of Primo Chemicals Limited. This move signifies a strategic consolidation for Primo Chemicals, integrating Flow Tech's operations fully into its own.
The company had previously disclosed its intention to acquire this stake on 2nd July 2026. The completion of this acquisition marks a significant milestone in Primo Chemicals' growth strategy, enhancing its control and operational synergy with Flow Tech.
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Primo Chemicals 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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Primo Chemicals Limited. Read the original for the full detail.