# 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.

- Type: Acquisition
- Announced: 2024-03-20
- Where: Odisha, India
- Value: $5.40M (451.6M INR)
- Status: announced
- Products: lithium-iron-phosphate cathode active material, lithium-ion battery materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Himadri Speciality Chemical](https://endata.com/companies/76341.md) (acquirer)
- [Invati Creations](https://endata.com/companies/76342.md) (target)

## Sources

- [goodreturns.in](https://www.goodreturns.in/news/himadri-speciality-chemical-invests-in-lithium-ion-materials-firm-011-1337729.html), 2024-03-20: "This acquisition is instrumental in propelling the company into the storage battery material domain."

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