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Clariant Chemicals (India) informs about disclosure

02 Jan 2020 Evaluate

In reference to the Company's earlier intimation dated November 6, 2019 to the Stock Exchanges and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015, Clariant Chemicals (India) has informed that the Company 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 Lakhs subject to normal adjustments. As on January 1, 2020, the Additives Business stands transferred to Clariant India.

The above information is a part of company’s filings submitted to BSE.


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