Clariant Chemicals (India) has received an approval for the sale of Masterbatch Business to PolyOne Polymers India or its affiliate in India, on a going concern basis by way of slump sale, subject to the approval of the shareholders by way of Special Resolution through Postal Ballot and all other applicable statutory approvals.
The Board of Directors of the company at their meeting held on December 19, 2019, approved the same.
Clariant Chemicals (India) is one of India's leading specialty chemicals companies and is a major player in pigments, textile chemicals and leather chemicals.