So this is the outcome of the news came out during late March this year. RHI Magnesita doing a major acquisition in 2022. Acquiring Hi-Tech Chemicals Limited (“Hi-Tech”) for a cash consideration of INR 621 Crores.
Turnover of Hi-Tech for the last 3 FY’s is: FY 2021-2022 is INR 270.2 crore, FY 2020-2021 is INR 220.8 crore; FY 2019-2020 is INR 261.3 crore. And the profit before tax for the FY 2021-2022 is INR 70.7 crore.
Countries in which acquired entity has presence: Majority in India and minor presence in 6 countries in Europe, Africa & Asia.
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