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Himadri Speciality Chemical Ltd (Himadri), a leading global speciality chemical company, has announced a strategic investment in Invati Creations Private Limited (Invati). The deal involves Himadri acquiring a 40% stake in Invati for a total consideration of Rs. 45.16 crore
The investment will be structured as a combination of a cash infusion and equity swap. Himadri will provide Rs. 19.99 crore in growth capital to Invati, while the remaining Rs. 25.17 crore will be settled through the issuance of 7,96,446 new equity shares in Himadri to Invati’s promoters. This strategic move grants Himadri two nominee directors on Invati’s board, fostering close collaboration and synergy between the two companies.
Himadri’s decision to invest in Invati aligns with its vision of becoming a key player in the development of high-quality lithium-ion (Li-ion) battery materials. This investment underscores Himadri’s commitment to exploring and adopting innovative technologies within the battery material segment.
Invati, founded by alumni from India’s prestigious Indian Institute of Management Calcutta (IIM Calcutta) and Indian Institute of Technology Kharagpur (IIT Kharagpur), is a company dedicated to advancing Li-ion battery technology. Their core focus lies in engineering these materials for efficient energy storage. Their research aims to create batteries with higher energy density, translating to longer battery life and faster charging times.
Invati leverages cutting-edge technologies like nanotechnology and biosciences to develop practical solutions in the real world. Their research and development (R&D) efforts extend beyond just Li-ion batteries. They investigate various molecules and nanotech solutions to address challenges in life sciences. Additionally, they design innovative technologies for diverse industries, including agrochemicals, animal health, and energy storage.
In the realm of Li-ion batteries specifically, Invati holds patents or has patents pending for a range of novel molecule inventions with applications across various sectors. Notably, they were pioneers in developing the first-ever broad-spectrum antiviral drug molecule.
Commenting on the acquisition, Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd, expressed optimism about the collaboration’s potential to enhance battery performance, safety, and recyclability. This investment reflects Himadri’s commitment to clean energy technologies and addressing the global demand for advanced battery solutions.
Mukesh Agarwal, Director of Invati Creations Private Ltd, highlighted the significance of Himadri’s investment in driving innovation and invention in the energy technology sector. Invati’s research team is focused on enhancing the lifespan and safety of Lithium-ion batteries, with a strong emphasis on novel cathode materials and synthesis methods.
Invati’s research agenda also includes exploring the synthesis and application of novel anode materials, including graphene and nano-porous graphite. These advancements contribute to a comprehensive approach to enhancing battery technology. Agarwal believes Himadri’s extensive R&D expertise and vast manufacturing experience will be invaluable assets for Invati’s future endeavors. He emphasizes the perfect timing of this collaboration, coinciding with the rapid growth of the global battery market. Together, both companies express their excitement about the positive impact they can make in the world of energy technology.
With a focus on innovation, Himadri and Invati aim to drive progress in clean energy technologies through their collaboration. By leveraging Himadri’s R&D capabilities and Invati’s innovative solutions, they seek to address critical challenges in battery technology such as range anxiety, charging times, safety, and sustainability. This partnership holds promise for a sustainable future, benefiting consumers, the environment, and the clean energy sector as a whole.
Himadri Speciality Chemicals Ltd’s shares are presently trading at Rs 316, reflecting a slight increase of 0.22% compared to yesterday’s closing value of Rs 315.30. The stock’s 52-week high stands at Rs 398.75, while its lowest point during the same period was Rs 80.40. Over the past year, the company’s shares have yielded multibagger returns of 264.90%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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