Sudarshan Chemical Industries Limited has made a big announcement just before the market closed. The company has informed that it will buy the Global Pigment business of Heubach Group. The company said that it is going to buy the Global Pigment business for Rs 1,180 crore. This acquisition is expected to be completed in 3-4 months. Let us tell you that Heubach is a big specialty chemical company. Let us tell you that the total market cap of Sudarshan Chemical Industries is Rs 8000 crore. At the same time, the company will spend Rs 1180 crore on the purchase of new business.

About Heubach Group

Heubach is a major player in the specialty chemical industry, which includes organic, pigments, inorganic pigments. The company has informed in the exchange filing that the Heubach Group has a history of 200 years and became the world's second largest pigment player after acquiring Clariant's BU Pigments in 2022. Heubach had revenues of over one billion euros in FY 2021 and FY 22. Talking about the results of Sudarshan Chemicals, the company's profit fell 88.97 per cent to Rs 29.43 crore in the first quarter (Q1) of FY 2025 from Rs 266.96 crore in the same quarter a year ago. In the June quarter, the company's income increased by 4.19 per cent to Rs 633.62 crore from Rs 608.11 crore in the same quarter a year ago. Shares on upper circuit- After this news, the stock of Sudarshan Chemical Industries Ltd has seen a tremendous rise. The company's stock is trading above 19 percent. In the last one year, the company's stock has seen a rise of 152.69 percent. The 52-week high of the stock is Rs 1,217.50. With a great rise in the stock in the last one year, Sudarshan Chemical Industries remains a strong player in the market.