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The company has already signed the share purchase agreement and the share subscription to acquire 67% stakes in the company. This will further give the Adani Group's food and FMCG business an excellent boost. It will also be able to earn a huge revenue for itself. All the ongoing controversies of the Adani scam will also come to a halt.
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ADANI WILMAR TO PLANS TO RAISE 67% STAKES IN OMKAR CHEMICALS
It will help the conglomerate increase its product range and capture a broader customer base. The company has already signed the share purchase agreement and the share subscription to acquire 67% stakes in the company. This will further give the Adani Group's food and FMCG business an excellent boost. It will also be able to earn a huge revenue for itself. All the ongoing controversies of the Adani scam will also come to a halt.
Adani’s Entry into The Speciality Chemicals Segment This will enhance Adani Wilmar’s presence in the speciality market and allow it to meet customer requirements in a much better manner. The company’s revenue generation will increase. It will easily recover from the losses it suffered during the allegations of the Adani scam.
Omkar Chemicals: An Overview Omkar Speciality Chemicals is a chemical company which is based in Mumbai. The company is mainly involved in the production of pharma intermediates and speciality chemicals. The product range includes methyl iodide, iodine derivatives, ethyl iodide, chloroiodomethane, and much more. The company operates a manufacturing plant in Panoli, Gujarat. It has an annual capacity of around 20,000 tons of surfactants. These are the key ingredients in the production of soaps, determinants, and cleaning solutions.
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