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SRF divests engineering plastics business to DSM

01 Aug 2019 Evaluate

SRF has divested engineering plastics business to DSM India. The company has divested the same with effect from August 01, 2019. Earlier, the company has entered into a definitive agreement to sell its engineering plastics business to DSM on May 11, 2019.

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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