IOL Chemicals and Pharmaceuticals Limited
NM Merchantiles Limited, a promoter, increased its stake in IOL Chemicals and Pharmaceuticals Limited from 17.08% to 21.88% by acquiring 1,40,83,195 shares worth ₹184.43 Cr at ₹130.96 apiece in an off-market transaction. This represents a promoter group restructuring due to an amalgamation of group entities.
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.