Promoter group entity Thirumalai Chemicals Ltd sold 9.5 lakh shares of Ultramarine & Pigments Limited for ₹38.72 Cr at ₹407.60 apiece, reducing its stake from 9.38% to 6.13% through a market sale.
A manufacturer of pigments and surfactants serving domestic and international markets, Ultramarine & Pigments operates across chemicals production and IT-enabled services alongside business process outsourcing activities. The company distinguishes itself through a diversified business model that combines pigment and surfactant manufacturing with BPO capabilities, enabling it to serve multiple industrial sectors and geographies while maintaining integrated operations across chemicals and services verticals.
