New Delhi, Dec. 11 -- Anupam Rasayan India Ltd. has announced a major step in its global expansion by acquiring US-based Jayhawk Fine Chemicals Corporation for about $150 million. The deal covers both the company's equity and its existing debt, bringing the enterprise value to roughly $134 million after accounting for Jayhawk's cash reserves.

The company plans to fund the transaction through a mix of internal accruals, debt, and support from a global investment manager with more than $100 billion in assets. Anupam Rasayan noted that the acquisition is expected to be accretive to its earnings per share, signaling confidence in the future business contribution from Jayhawk.

This marks Anupam Rasayan's first manufacturing presence in the U...