Clariant Chemicals (India) is planning to buy-back shares. In this regard, the company’s board will meet on April 22, 2015 to consider the proposal for buy-back of the equity shares of the company.
As of March 31, 2015, the promoters held 63.40% stake in the company. Individual shareholders held 24.1%, followed by mutual funds & UTI (4.09%), bodies corporate (3.43%), foreign institutional investors (2.96%) and insurance companies (1.34%).
Clariant Chemicals (India) represents a valuable repository of manufacturing and marketing experience. Its constituents were all well respected companies who played an invaluable role in the development of the textiles, leather, paints, plastics, printing inks and agrochemicals industries in India.
