Kanoria Chemicals acquires stake in its subsidiary company

11 Dec 2018

Kanoria Chemicals & Industries has acquired 10,551,560 shares in its subsidiary company, Kanoria Africa Textiles PLC, Ethiopia (KATP), at face value of 10.00 Birr per share. On acquisition of these shares, the company's shareholding in KATP was increased from the existing 78.68% to 84.45% of its equity capital.

Kanoria Chemicals & Industries is a leading manufacturer of chemical intermediates in India.

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