Vishnu Chemicals has announced a 100 percent equity acquisition of Jayansree Pharma Private Limited (JPPL) at an enterprise value of INR 51.99 Cr.

The Board of Directors of Vishnu at their meeting held today approved the acquisition. In furtherance of the same, the company has entered into a Share Purchase Agreement with JPPL and its shareholders on August 19, 2024.

Post-acquisition, JPPL will become a wholly-owned subsidiary of Vishnu Chemicals Limited, boosting the Group’s fixed asset by nearly INR 80 Cr. The JPPL plant is based at Visakhapatnam, home to Vishnu’s largest manufacturing unit. The newly acquired company will manufacture chemicals and operate in areas aligned with the group.

As part of its growth strategy, Vishnu plans to commission the production of an inorganic chemical Strontium Carbonate at this unit and start generating business at the earliest.

On this acquisition, Ch. Krishna Murthy, CMD of Vishnu Chemicals Ltd. said, "This acquisition expands the presence of Vishnu in Visakhapatnam, Andhra Pradesh and accelerates the vision for growth and market expansion. By integrating Jayansree's capabilities, Vishnu is poised to advance its product offerings.”