MoneyWorks4Me

Chembond Chemicals to acquire shares in Chembond Enzyme Company

12 May 2015 Evaluate

Chembond Chemicals has received an approval to acquire shares in Chembond Enzyme Company (an associate company) to make it wholly owned subsidiary. The board of directors at their meeting held on May 11, 2015 has approved for the same.

The board has also approved to acquire shares in Chembond Bioengineering Company (subsidiary of Chembond Enzyme Company) to make it wholly owned subsidiary. The company also received approval for entering into Joint Venture Agreement (JVA) with Calvatis GmbH, Ladenburg, Germany.

Chembond Chemicals is engaged in specialty chemicals business and offers a range of products for industrial applications. The company offers products for applications in the areas of construction chemicals, industrial coatings and chemical trading.


Peers
Company Name CMP
Godrej Industries 1021.20
SRF 2490.00
BASF India 3411.40
Pidilite Inds. 1470.00
Tata Chemicals 607.90
View more..