After completion of the purchase, expects within 10 days of signing the agreements, Trancemarine will become a subsidiary of Himadri, while Sturdy Niketan Private Limited will become his step-down subsidiary
The shares of Himadri Specialty Chemical LTD traded at £ 438.25 with £ 18.05 or 3.96 percent on the NSE today at 11.51 am.
Himadri Specialty Chemical LTD announced yesterday the acquisition of an interest of 60 percent in trancemarine and Confreight Logistics Private Limited for £ 4.23 crore in cash. The council approved the transaction during its meeting on 3 April 2025, as announced in a legal submission.
The acquisition is intended to determine a strong position in the Strategic Resource Extraction sector, aimed at critical and industrial minerals. After completion of the purchase, expects within 10 days of signing the agreements, Trancemarine becomes a subsidiary of Himadri, while Sturdy Niketan Private Limited becomes his Step-Down company.
As part of the transaction, Himadri provides a loan of a maximum of £ 150 crore to sturdy Niketan, which will be used for paying royalties with regard to mineral extraction. The loan bears an interest rate of 9.5 percent per year, can be repaid on request and will be financed through internal overbouw.
Trancemarine, founded in May 2011, reported a turnover of £ 35.69 Crore for the financial year ending on 31 March 2024. However, the company noted that this income mainly came from freight and logistical activities that are stopped.
Sturdy Niketan, included in January 2023, has not reported a turnover for the past three financial years. TranMarine has a 99 percent interest in solid Niketan, who is also involved in the critical and industrial mineral sector.
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Published on April 4, 2025
