Camlin Fine Sciences (CAMLINFINE) announced on 13 Mar 25 the acquisition of a majority stake in Vinpai S.A. through a joint press release. CFSL will acquire a 78.68% stake in Vinpai from key shareholders at €3.60 per share, to be paid in newly issued CFSL shares. A CFSL shareholders' meeting to approve the share issuance is expected by the end of April 25.

CFSL has also invested €3.3 million (approx. 33 lakhs) in Vinpai through convertible bonds, which will convert at €3.00 per share upon deal completion. Following the acquisition and bond conversion, CFSL will hold 83.82% of Vinpai. A simplified cash tender offer at €3.60 per share for the remaining Vinpai shares will be launched, potentially leading to a squeeze-out.