Atul’s wholly-owned subsidiary company -- Atul Bio Space (ABSL) has acquired equity shares of Atul (Retail) Brands (ARBL) and Atul Clean Energy (ACEL), (herein after referred to as 'the Group Companies'), from their other existing shareholders and consequently the Group Companies became step down wholly-owned subsidiary companies of the Company.
The Group Companies were associate companies of the Company. To streamline group structure, equity shares held by certain other group companies in the Group Companies were acquired by ABSL. Earlier ABSL was holding 43% equity shares in ARBL and 28% equity shares in ACEL and remaining equity shares were with certain other group companies. After these acquisitions, ABSL holds 100% equity shares of the Group Companies.
Atul operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers.
Company Name | CMP |
---|---|
Tata Chemicals | 1062.00 |
SRF | 2230.80 |
Pidilite Inds. | 2945.35 |
Aarti Inds | 666.35 |
Gujarat Fluorochemic | 3224.05 |
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