InvestorQ : What is the synergy of Rossari Biotech buying Tristar Intermediates?
Moii Chavate made post

What is the synergy of Rossari Biotech buying Tristar Intermediates?

Answer
image
Tisha Malhotra answered.
4 months ago
Follow

Rossari Biotech is a speciality chemicals manufacturer that had come out with a successful IPO in the middle of 2020 last year. The board of Rossari Biotech has now approved the acquisition of 100% stake in Tristar Intermediates, a private limited company in the specialty chemicals space.

Rossari will buy 76% stake immediately and the balance 24% over the next 3 years in tranches. The company has been assigned an Enterprise Value of Rs.120 crore and it will be entirely funded by internal cash flows of Rossari Biotech. Tristar had reported FY21 revenues of Rs.111 crore and EBITDA of Rs.15.60 crore.

3 Views