SRF will sell engineering plastics business to DSM for Rs 320 crore as part of a strategy to focus on core operation. The transaction would enable the company to strengthen balance sheet and focus its efforts and resources on developing more-and-more complex technologies within the chemicals business.
The company has entered into a definitive agreement to sell its engineering plastics business to DSM, the life sciences and materials sciences company, in an all-cash transaction amounting to Rs 320 crore.
SRF is a leader in refrigerants, engineering plastics and industrial yarns in India. The company also manufactures polyester films and fluoro specialties. Besides India, SRF has a presence in Dubai, South Africa and Thailand.
| Company Name | CMP |
|---|---|
| BASF India | 3878.40 |
| Tata Chemicals | 818.95 |
| SRF | 2739.10 |
| Pidilite Inds. | 1441.20 |
| Deepak Nitrite | 1850.00 |
| View more.. | |
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