Primo Chemicals takes full control of Flow Tech Chemicals
What's the deal? Primo ChemicalsDealroom has a profile for this one. Try Dealroom → has acquired the remaining 51% stake in Flow Tech Chemicals Private LimitedDealroom has a profile for this one. Try Dealroom →, making it a wholly owned subsidiary effective September 16, 2026. The deal value was undisclosed.
Why now? The acquisition follows shareholder approval obtained through a postal ballot on August 5, 2026, and builds on Primo's earlier disclosure dated July 2, 2026. Primo executed a second Supplementary Share Purchase Agreement to buy out the balance stake from the remaining shareholders.
What's the endgame? Bringing Flow TechDealroom has a profile for this one. Try Dealroom → entirely under its ownership consolidates Primo's control and completes the company's move to full vertical integration in specialty chemicals.
The signal: The step-up from a partial to a full stake reflects a familiar consolidation playbook, in which acquirers move in stages to absorb subsidiaries once control is established. Primo notified the stock exchanges under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
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