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Dhunseri Petrochem becomes subsidiary of Dhunseri Investment

01 Jul 2016 Evaluate

Dhunseri Petrochem has became a subsidiary company of Dhunseri Investment. This is pursuant to acquisition of 3,50,000 equity shares of the company by Dhunseri Investment. With this acquisition, Dhunseri Investments now holds 1,75,15,000 equity shares of the company aggregating to 50.01% of the paid up share capital of the company.

Dhunseri Petrochem cultivates, processes and markets tea, and manufactures petrochemicals. The Company produces polyethylene terephthalate (PET) resin.

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