AksharChem India has informed that the Company had acquired 9990 (99.90%) Equity Shares of Rs 10 each of Akshar Pigments and intimated to the stock exchange for the same vide letter dated October 09, 2015. However, it was decided that, since Akshar Pigments has not started its operation yet and have no profitability at this stage, the Company has disposed off 9990 (99.90%) Equity Shares of Rs 10 each of Akshar Pigments and now onwards the same is not the subsidiary of the Company.
The above information is a part of company’s filings submitted to BSE.
