Chembond Chemicals has informed that pursuant to the approval of the Board of Directors of the Company at its meeting held on Thursday, 27th April, 2017, the Company has entered into an agreement to acquire the equity shares of Chembond Solenis Water Technologies Limited (CSWTL) (subsidiary company) from Solenis Netherlands B.V. After the said acquisition, the subsidiary company shall become a wholly owned subsidiary of the Company. The disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Clause 1 of Para A of Part A, Schedule III of the aforesaid regulations, is attached as per Annexure - I. The trading window is already closed between 26th April, 2017 and 8th May, 2017 and will be applicable for the above transaction as well. The trading window shall re-open on 9th May, 2017.
The above information is a part of company’s filings submitted to BSE.
