Deepak Fertilisers & Petrochemicals Corporation’s (DFPCL) wholly owned subsidiary - Smartchem Technologies (STL) has decided to acquire majority stake in Performance Chemiserve (PCPL), a company engaged in packaging services to the chemical industry since 2006.
STL proposes to take up to 76% equity stake in PCPL by way of a fresh issue to fund further growth. After the acquisition of shares by STL, PCPL would become the subsidiary of STL and step-down subsidiary of DFPCL.
Deepak Fertilisers and Petrochemicals Corporation is a manufacturer of fertilizers. The company’s segments include Chemicals, which offers products, such as ammonia, methanol, dilute nitric acid (DNA), concentrated nitric acid (CAN), carbon dioxide (CO2) etc.
Company Name | CMP |
---|---|
Coromandel Interntl. | 1180.35 |
National Fertilizers | 96.10 |
Chambal Fert & Chem | 395.00 |
RCF | 141.00 |
Paradeep Phosphates | 65.58 |
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