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Punjab Chemicals' overseas arm to divest its stake in SDANBV

16 Jul 2012 Evaluate

Punjab Chemicals & Crop Protection's overseas subsidiary - SD Agchem (Europe) N.V., has entered into an agreement to divest 100% shareholding in SD Agchem (Netherlands) B.V. (SDANBV) to one of the overseas subsidiary of United Phosphorous.

Pursuant to this divestment, SDANBV and its subsidiaries including Agrichem B.V., will cease to the company's step down subsidiaries.

Punjab Chemicals & Crop Protection operates various divisions namely agro chemicals, industrial chemical, pharmaceutical and International trading. The company is engaged in manufacturing of agrochemicals, pharmaceutical intermediates, APIs, phosphorous derivatives and specialty chemicals.

Peers
Company Name CMP
UPL 533.50
PI Industries 2188.80
Bayer CropScience 3640.30
Sharda Cropchem 725.05
Sumitomo Chem. India 404.75
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