MoneyWorks4Me

Polson to disinvest 99.90% stake in Dudhwala Builders

18 Sep 2014 Evaluate

Polson has received an approval for disinvestment of 99.90% stake compromising 1009 equity shares of Rs 100 each in Dudhwala Builders, a wholly owned subsidiary of the company, to Oriental Pharmaceuticals Industries. The board of directors at their meeting held on September 17, 2014 has approved for the same.

Polson is the largest manufacturer of vegetable tannin extracts and toll manufacturer of synthetic tanning agents, fat liquors and intermediates for the leather chemical industry.

Peers
Company Name CMP
Godrej Industries 1104.15
SRF 2530.50
BASF India 3539.75
Pidilite Inds. 1511.00
Tata Chemicals 644.10
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