Theleme India bought 400,004 shares of Sudarshan Chemical Industries for ₹32.40 Cr at ₹810.00 apiece in a bulk deal.
A manufacturer of organic and inorganic pigments and effect pigments for industrial applications, the company serves diverse sectors including coatings, plastics, textiles, and printing inks. Beyond pigment production, it designs and manufactures pollution control equipment, size reduction equipment, and grinding machinery for various industrial applications. The company operates through multiple manufacturing facilities across India and exports its products globally.
India equity vehicle of Theleme Partners, a London-based concentrated hedge fund founded in 2009 by Patrick Degorce (founding partner of TCI under Chris Hohn, ex-Merrill Lynch and Lehman). Theleme runs around USD 2 bn in 13F securities across a high-conviction global long book that frequently includes large Indian positions.