IFC will invest $30 Mn in Kudos Chemie Limited, a Punjab-based specialty and fine chemicals manufacturing company.

Promoted by Jitendra Singh and family, Kudos Chemie is expanding its manufacturing facilities with a capex of up to $135 mn across multiple phases.

Kudos Chemie Limited is a specialty and fine chemicals manufacturing company specializing in products under the Xanthenes group of chemicals, including synthetic caffeine.

Time Technoplast Ltd has acquired plastic product division of Solutia Inc. in Europe.

Through this acquisition, Time Technoplast gets proprietary technology of high tech products including brands like 'Astro Turf' and 'Clear Pass' in the space of entrance mattings, artificial turf for indoor and outdoor application, mats for pet care, incubator and spray suppression, etc in global markets except North America.

Solutia Inc. is engaged in manufacturing and marketing of various chemical and engineered materials used in the consumer and industrial applications.

Ballarpur Industries has acquired Bangalore-based Premier Tissues India for Rs.76.52 Cr.

It has entered into a share purchase agreement with Premier Tissues India and all its shareholders, for acquisition of entire paid up capital of PTIL, either directly and / or indirectly.

Premier Tissues, a manufacturer of tissue paper is very strong in South and West India, while BILT has a good presence in North India. The integration of Premier’s operations with BILT’s own brand ‘Etiquette’, will help BILT capture a significant share of the paper industry.