SRF to sell Engineering Plastics Business to DSM

SRF Ltd. | Chemicals | Chemicals & Fertilizers | BSE: 503806 | NSE: SRF

14 May 2019 Evaluate

SRF 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. The company's Engineering Plastics Business manufactures multiple grades of engineering plastic compounds, catering to the automotive and electrical industries.

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.

Peers

Company Name	CMP
Godrej Industries	1107.45
SRF	2561.00
BASF India	3607.50
Pidilite Inds.	1566.10
Tata Chemicals	693.50
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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