Himadri Speciality Chemical acquires 40% stake in Invati Creations

Himadri Speciality Chemical Ltd acquired a 40% stake in Invati Creations, a lithium-ion electrode materials firm, for Rs 45.16 crore, as part of plans to build India's first commercial LFP cathode active material plant in Odisha with an estimated investment of Rs 1,125 crore.

“This acquisition is instrumental in propelling the company into the storage battery material domain.”goodreturns.in

• 1 source
• goodreturns.inHimadri Speciality Chemical Buys 40% Stake in Lithium-Ion Materials Firm - GoodreturnsSwati NairMar 20, 2024

Summarized from public sources; check the original articles before acting on it.