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Aditya Birla Chemicals gains on acquiring CA&P Division of SCIL for Rs 153 crore

02 Sep 2013 Evaluate

Aditya Birla Chemicals (India) is currently trading at Rs 82.00, up by 0.60 points or 0.74% from its previous closing of Rs 81.40 on the BSE.

The scrip opened at Rs 83.35 and has touched a high and low of Rs 83.35 and Rs 80.50 respectively.

The BSE group 'T' stock of face value Rs 10 has touched a 52 week high of Rs 116.20 on 13-Dec-2012 and a 52 week low of Rs 60.25 on 08-Aug-2013.

Last one week high and low of the scrip stood at Rs 85.50 and Rs 80.00 respectively. The current market cap of the company is Rs 191.77 crore.

The promoters holding in the company stood at 56.31% while Institutions and Non-Institutions held 18.71% and 24.97% respectively.

Aditya Birla Chemicals (India) (ABCIL) has acquired the Chlor-Alkali & Phosphoric Acid Division from Solaris Chemtech Industries on September 01, 2013 and henceforth the said division is part and unit of the company and has been named as Aditya Birla Chemicals (India) - Karwar Chemical Division.

The company had earlier on May 31, 2013 received an approval for acquisition of the Chlor-Alkali & Phosphoric Acid Division (CA&P Division) of Solaris Chemtech Industries (SCIL) for a cash consideration of Rs 153 crore.

Aditya Birla Chemicals (India) is a leading Chlor Alkali company with a caustic soda capacity of 242,725 tpa capacity. The company manufacturers various chlorine derivatives as value added products.

SCIL is a closely held unlisted company having its registered office in New Delhi.

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