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Chembond Chemicals enters into SPA for acquisition of additional 49% shares in JVC in Malaysia

11 Jan 2017 Evaluate

Chembond Chemicals has entered into a Share Purchase Agreement (SPA) with I-Chem Solution Sdn Bhd, Malaysia and I-Chembond Water Sdn Bhd, Malaysia, whereby the company, subject to the conditions to be fulfilled as per the SPA, would acquire additional 49% of the equity shares of I-Chembond Water Sdn Bhd, Malaysia.

Post fulfillment of all the necessary terms, conditions & requirements as mentioned in the SPA, the company would hold 100% of equity share capital of I-Chembond Water Sdn Bhd, Malaysia. Further, pursuant to the fulfillment of the terms of the SPA, the Joint Venture (JV) agreement with I-Chem Solution Sdn Bhd, Malaysia stands terminated.

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.


Chembond Mat.Techno Share Price

148.10 0.65 (0.44%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
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