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Kanoria Chemicals & Industries to enter into automotive component business

23 Apr 2012 Evaluate

Kanoria Chemicals & Industries is planning to enter into the automotive component business by acquiring 90% stake in Switzerland-based APAG Holding AG for over Rs 44 crore. The balance 10% stake will be acquired by 2014 on the basis of a pre-fixed pricing formula.

APAG Holding AG is the holding company of APAG Elektronik that develops and sells electronic and mechatronic modules and control devices for the automotive, consumer goods, power tool electronics and building automation industries.

Kanoria Chem. & Inds Share Price

98.94 -0.77 (-0.77%)
07-May-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3867.35
Tata Chemicals 804.70
SRF 2771.90
Pidilite Inds. 1451.20
Deepak Nitrite 1854.70
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