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Atul's wholly owned subsidiary acquires controlling stake in a UK based firm

18 Aug 2011 Evaluate

Atul’s wholly subsidiary namely Atul Europe has acquired 88% shares of D.P.D. on August 12, 2011. Due to this acquisition D.P.D has now become a subsidiary company of Atul Europe and consequently of the company. D.P.D. is an U.K. Company which is in the business of Tissue culture Date Palm.

Atul is a member of Lalbhai Group, one of the oldest business houses of India, with interests mainly in textiles and chemicals. The Group is strongly committed to serve the society in the fields of education, health as well as culture. The company operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers. 

Peers
Company Name CMP
Godrej Industries 1039.10
SRF 2455.00
BASF India 3404.85
Pidilite Inds. 1485.00
Tata Chemicals 616.95
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