Fineotex Chemical Ltd’s shares rose over 6% on Friday after the company announced a strategic acquisition of the US-based CrudeChem Technologies Group through its subsidiary. Post announcement, shares of Fineotex Chemical closed at ₹25.45, up 6.17%, after touching an intraday high of ₹26.15 on the NSE.

The acquisition gives Fineotex entry into the US oilfield chemicals space, with CrudeChem bringing advanced fluid-additive technologies, long-standing relationships with major energy producers and a technical laboratory and facilities across Texas. The company said the move strengthens its position in high-performance and sustainable chemical solutions across oil and gas operations.

Executive Director Sanjay Tibrewala said the deal marks a “defining moment” for the company’s global expans

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