ACUTAAS Chemicals Limited (NSE: ACUTAAS) has announced a strategic international acquisition as part of its expansion into the semiconductor chemicals sector.
The company informed exchanges on February 12, 2026, regarding the acquisition executed on February 11, 2026.
Key Highlights of the Acquisition
Acquirer: Acutaas Advance Material Limited (Subsidiary of ACUTAAS Chemicals)
Target Company: Indichem Inc
Country: South Korea
Industry: Semiconductor Speciality Chemicals
Stake Acquired: 75%
Acquisition Cost: ₹200 Crore
Mode of Payment: Cash
Shares Acquired: 300,000 shares
Face Value: KRW 500 per share (plus applicable premium)
Strategic Rationale Behind the Deal
The acquisition aligns with ACUTAAS Group’s growth strategy to expand into speciality chemicals for the semiconductor industry, particularly in global markets.
Indichem Inc is engaged in manufacturing speciality chemicals catering to the South Korean and global semiconductor markets. The company is currently setting up its manufacturing facility in South Korea, with construction and capital expenditure work underway. The plant is expected to be commissioned by the end of the current calendar year.
This move significantly complements ACUTAAS’ existing product portfolio and strengthens its international presence.
Regulatory Approvals
The transaction requires necessary governmental and regulatory approvals in India and South Korea, which are being obtained under applicable laws.
Transaction Structure
The acquisition was executed in tranches.
The deal has been marked as completed.
It is not classified as a related party transaction.
Promoters or management of ACUTAAS do not have any direct interest in the acquired entity.