MoneyWorks4Me

Jayshree Chemicals completes acquisition of 100% stake in Bangur Exim

03 Apr 2023 Evaluate

Jayshree Chemicals has completed the acquisition of 100% equity shares of Bangur Exim. Accordingly, Bangur Exim has become a wholly owned subsidiary of the Company with effect from March 31, 2023. 

Recently, the company had received approval for sale of windmill of the company situated at Coimbatore, Tamil Nadu to M/s. Naruvizhi Powers on a slump sale basis for a total consideration of Rs 4.70 crore. The Board of Directors of the Company at its meeting held on March 23, 2023, approved the same.

Jayshree Chemicals is engaged in the manufacturing of caustic soda, chlorine, hydrochloric acid, sodium hydrosulphite, sulphur dioxide and sulphuric acid. .The company also in the business segment of Power, Chemicals.

Peers
Company Name CMP
Godrej Industries 1092.90
SRF 2495.90
BASF India 3515.00
Pidilite Inds. 1504.30
Tata Chemicals 638.50
View more..