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Kanoria Chemicals acquires balance 10% stake in APAG

01 Jul 2014 Evaluate

Kanoria Chemicals & Industries has acquired the balance 10% stake in APAG on June 27, 2014, and, consequently, APAG Holding AG has become a wholly owned subsidiary of the company. The company had earlier on April 20, 2012 entered into share and loan purchase agreement for acquiring stake in APAG Holding AG, Switzerland (APAG).

Kanoria Chemicals & Industries is a certified leading manufacturer of chemical intermediates in India. It manufactures Chlor-Alkalis, Chlorine derivatives and water treatment chemicals.

Peers
Company Name CMP
Godrej Industries 992.30
SRF 2483.35
BASF India 2987.60
Pidilite Inds. 1548.90
Tata Chemicals 615.15
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