Chemical Sector

After a week packed with major triggers like the Union Budget, the Indo-US trade deal, and the RBI policy, markets now turn to assessing real impact. The coming week will focus on how the trade deal affects exports, imports, currency risks, and overall market direction, along with key inflation and global data cues.

Privi Specialty Chemicals may see up to 6.32% stake sale via a ₹700 Cr block deal at an 11% discount

Stocks in focus on year-end: PowerGrid wins BESS project, RITES bags $3.6 mn order, Privi sees ₹700 Cr block deal, IFCI exits NEDFi stake, Bharat Forge wins ₹1,662 Cr defence order.

Under the terms of this agreement, Pidilite will be the sole distributor of CollTech's wide product line in India.

This acquisition, valued at roughly $6.85 million, was completed on August 27, 2024. With this deal, UGL currently owns 99.99% of PT Excel.

Shares traded at an average price of ₹1,318 per share, representing an up to 11% decrease from Monday's closing price.

The company's revenue from operations climbed by 8.3% to ₹2,068.9 Crore, up from ₹1,910 Crore the previous fiscal year.

Tata Chemicals announced its results and reported a 67.6% YoY fall in net profit to ₹190 Crore for the first quarter ending June 30, 2024.

The company is well-known for its products, intellectual property, and experience with protein/peptide technology in the agricultural biological arena.

As part of this related party transaction, ICA Pidilite will pay an agreed-upon fee to ICA, however the financial details will be kept hidden.