Clariant Chemicals gets nod for sale of company’s business for Rs 209.15 crore

28 Mar 2013

Clariant Chemicals (India) has received an approval for the proposal for sale of the businesses of textile chemicals, paper specialties and emulsion together with assets currently dedicated to the respective business of the company, subject to the approval of the shareholders, at a consideration of Rs 209.15 crore.

The board of company at its meeting held on March 26, 2013 has approved for the same. The board also approved the issue of notice of postal ballot to the shareholders under the Companies Act, 1956 for the same.

Clariant Chemicals (India) represents a valuable repository of manufacturing and marketing experience. Its constituents were all well respected companies who played an invaluable role in the development of the textiles, leather, paints, plastics, printing inks and agrochemicals industries in India.

Related Clariant Chemicals (India) Ltd. Links:

Clariant Chem.(India Share Price

474.35 -1.80 (-0.38%) May 14, 18:01
1 Year Price Chart
Peers
Company Name CMP
Tata Chemicals 702.65
Pidilite Inds. 1888.50
Aarti Inds 1710.70
Atul 8201.55
India Glycols 480.95
View more..
Sensex vs Clariant Chem.(India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback