# Ami Organics acquires 55% stake in Baba Fine Chemicals

Ami Organics Ltd acquired a 55% stake in Baba Fine Chemicals (BFC) for Rs 68.2 crore, entering the semiconductor industry. BFC manufactures specialty chemicals used in the semiconductor and electronics industry.

- Type: Acquisition
- Announced: 2023-04-24
- Where: India
- Value: $8.30M (682.0M INR)
- Status: announced
- Products: specialty chemicals for semiconductor industry
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Ami Organics](https://endata.com/companies/66889.md) (acquirer)
- [Baba Fine Chemicals](https://endata.com/companies/69890.md) (target)

## Sources

- [cnbctv18.com](https://www.cnbctv18.com/business/companies/ami-organics-to-foray-into-semiconductor-industry-through-its-latest-acquisition-16480441.htm), 2023-04-24: "Our synergies will help scale up BFC’s niche product basket given that they are the only manufacturers in the country in their product category."
- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/ami-organics-ventures-into-semiconductor-industry/article66777119.ece), 2023-04-25: "This acquisition heralds Ami Organics’ foray into the high entry barrier semiconductor industry."

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