Clariant Chemicals concludes sale of additives business

02 Jan 2020 Evaluate

Clariant Chemicals (India) has concluded the sale of its Additives Business to Clariant India, a Related Party, on a going concern basis. The Company has received the consideration of Rs 1684 lakh subject to normal adjustments. As on January 1, 2020, the Additives Business stands transferred to Clariant India.

Clariant Chemicals (India) is one of India's leading specialty chemicals companies and is a major player in pigments, textile chemicals and leather chemicals.

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