Mayadevi Polycot Limited (Promoter Group) bought 6,54,123 shares of IOL Chemicals and Pharmaceuticals Limited for ₹4.47 Cr at ₹68.36 apiece through a market purchase, increasing its stake from 21.54% to 21.76%.
A leading pharmaceutical company, IOL Chemicals manufactures active pharmaceutical ingredients and specialty chemicals for both domestic and international markets. The company serves pharmaceutical manufacturers, agrochemical producers, and other industrial clients across multiple sectors. Its integrated operations span chemical synthesis, process development, quality assurance, and regulatory compliance. IOL Chemicals maintains manufacturing facilities equipped with advanced technology to ensure product quality and consistency across its diverse portfolio.
