Anupam Rasayan India Limited CC-May26.pdf · 2026-05-25
Thank you so much for giving me this opportunity. First, I had a very basic question regarding the structuring of the transaction. So was the structure in such a way that even the previous promoters like the Ashra’s who actually reclassified from promoter group towards a public group in 2023, also had to sell their stake in consortium because if we just look at your past that you got a turning around assets like Tanfac. So why would a promoter where the company hasn’t done really well in the past 5, 10 years, sell off the asset when a more aggressive promoter is coming up. So what was the nature of the transaction? I was trying to understand whether I'm missing something?
Yes, sir, what we observed in the transaction was that Kamath family held some 35% stake, but there was also another family, Ashra who used to be the promoters of the company, but then they did reclassify to the public category in 2020, ‘21. And they also ended up selling their stake along with Kamath family. Was this transaction structure in such a way that Anupam wanted to acquire a certain stake so that it makes a lot of sense for you as well to turn around this asset? Or the Ashra’s themselves were interested to also liquidate their stake in this particular block. But how did the overall structure went away? If you can provide some more detailing on that front.