Neogen Chemicals Approves ₹245 Crore Electrolyte Assets Transfer

Neogen Ionics will transfer its electrolyte-salt undertaking, including LiPF6-related assets and liabilities, to step-down subsidiary Neogen Morita New Materials for ₹245 crore under an arm’s-length related-party transaction. The undertaking had no FY26 revenue and ₹155.52 crore net worth; completion is expected by March 31, 2027.