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Atul denies report of selling Aromatics Business

13 Jun 2012 Evaluate

Atul has vehemently denied the report that it is in process of selling its Aromatics Business. The company denied the report after the news/rumour appeared in the market. The company also stated that it has made substantial investment in the business in the recent past and has continued interest in growing the business.

Atul is a member of Lalbhai Group, one of the oldest business houses of India, with interests mainly in textiles and chemicals. The Group is strongly committed to serve the society in the fields of education, health as well as culture. The company operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers.

Peers
Company Name CMP
Godrej Industries 1103.20
SRF 2454.00
BASF India 3542.05
Pidilite Inds. 1522.00
Tata Chemicals 734.50
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