Mysore Petro Chemicals agrees to make strategic investment in Blue Lotus International

01 Jun 2019

Mysore Petro Chemicals has agreed to make a strategic investment in Blue Lotus International (Investee Company) by agreeing to acquire ordinary shares constituting 15.26% of the post-issue share capital of the Investee company in one or more tranches. The acquisition is intended to be strategic in nature to generate returns on investments.

Mysore Petro Chemicals Ltd is engaged in the manufacture and sale of chemicals. Their products include phthalicanhydride and maleicanhydride.

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