# Indigo Paints to acquire 51% stake in Apple Chemie India

Indigo Paints entered into a share purchase agreement to acquire a 51% equity stake in Apple Chemie India Private Ltd, a manufacturer of construction chemicals and waterproofing products, for Rs 6,529 per share (44,924 shares).

- Type: Acquisition
- Announced: 2023-04-03
- Where: Nagpur, Maharashtra, India
- Value: $3.60M (293.0M INR)
- Status: announced
- Products: construction chemicals, waterproofing products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Indigo Paints](https://endata.com/companies/69503.md) (acquirer)
- [Apple Chemie India Private Ltd](https://endata.com/companies/69504.md) (target)
- [Apple Chemie](https://endata.com/companies/69527.md) (target)

## Sources

- [cnbctv18.com](https://www.cnbctv18.com/business/companies/indigo-paints-to-buy-51-percent-stake-in-construction-chemical-firm-apple-chemie-16327641.htm), 2023-04-03: "With this partnership, Indigo Paints will be entering into the adjacent areas of construction chemicals and waterproofing space."
- [cbinsights.com](https://www.cbinsights.com/company/apple-chemie), 2023-04-04: "Indigo Paints acquired a majority stake in Apple Chemie."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.