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.
