Supreme Petrochem to Acquire 100% Stake in Xmold Polymers Pvt. Ltd.
Supreme Petrochem Limited has announced its decision to acquire 100% equity stake in Xmold Polymers Pvt. Ltd. The move comes after the company’s Audit Committee and Board of Directors approved the acquisition proposal in their meetings held on March 18, 2025.
As part of the deal, Supreme Petrochem will purchase 2,171,813 equity shares of ₹10 each from Xmold’s existing shareholders, effectively making Xmold a wholly-owned subsidiary of the company. A Share Purchase Agreement (SPA) will be signed between Supreme Petrochem, Xmold Polymers, and its current shareholders to formalize the acquisition.
Transaction Subject to Conditions
The completion of the transaction is contingent upon the fulfillment of certain conditions outlined in the Binding Offer issued by Supreme Petrochem to Xmold and its shareholders. Once all conditions are met, the company will proceed with the full acquisition of Xmold’s paid-up equity shares.