The gelatin industry in India has seen significant growth, driven by increasing demand in sectors like pharmaceuticals, food processing, and cosmetics. Gelatin, derived from animal collagen, is primarily used in capsules, gummy candies, and as a stabilizer in various food products.
The growing health-conscious population and rising consumption of packaged food and nutraceuticals are expected to fuel the industry’s expansion. Additionally, the pharmaceutical sector’s demand for gelatin capsules and the increasing trend of vegetarian gelatin alternatives present new opportunities.
Key players in India include Sterling Biotech Ltd., Nitta Gelatin India Ltd., and India Gelatine & Chemicals Ltd. These companies are well-positioned to benefit from the growing domestic and global demand for gelatin and related products.
Share Price
The share price of Gelain India & Chemicals Ltd is currently trading at Rs. 400 up by 0.63% from its previous close of 397.95 as of December 20, 2024. The stock also touched an intraday high of Rs. 406.95.
Recent Update
Open Offer by Pioneer Jellice India Pvt Ltd
Pioneer Jellice India Private Limited, along with Ashok Matches and Timber Industries Private Limited, has made an open offer to acquire shares from the public shareholders of a company. The offer price for each equity share is ₹408.90.
Transaction Details
The total value of the deal amounts to approximately ₹75.4 crores (₹75,40,10,782.20), which is about 15% of the company’s market capitalization. This significant transaction aims to facilitate the acquiring entities in taking control of the company.
Purpose and Strategic Move
The purpose of this open offer is to acquire a controlling stake in the company, strengthening the position of Pioneer Jellice India and Ashok Matches and Timber Industries. This move reflects the strategy to consolidate control and expand the market influence of the involved entities.
About the Company
India Gelatine & Chemicals Ltd. was established in 1973 and specializes in the manufacturing and export of Ossein, Di-Calcium Phosphate (DCP), and various types of gelatin.
The company’s diverse product portfolio includes edible gelatine, which is odorless and tasteless, making it suitable for food products; photographic gelatine, used in the photography industry for its ability to form and reform jelly-like consistency; and technical gelatine, utilized in metal electrolysis and cosmetics, as well as the matchbox industry for thickening and foaming properties.
The company also produces pharmaceutical gelatine, which is crucial for manufacturing gelatine capsules, treating wounds, and acting as a blood plasma substitute. India Gelatine & Chemicals Ltd. caters to various industries, including food, photography, cosmetics, and pharmaceuticals, positioning itself as a key player in the gelatin market.
Written By: Dipangshu Kundu
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