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Acutaas Advance Material Ltd, a subsidiary of Acutaas Chemicals Ltd, has completed the acquisition of a 75% stake in Indichem Inc, which is now a step-down subsidiary. This acquisition is part of Acutaas's entry into the semiconductor chemicals market in South Korea.

The transaction involved purchasing 300,000 shares at a par value of KRW 500 per share. Indichem's manufacturing facility is under construction and expected to be commissioned by the end of 2026. Acutaas plans to invest around ₹200 crore in the joint venture, having already invested ₹130 crore.