Clariant Chemicals' shines on receiving approval to sell 3 units by way of slump sale for Rs 209 crore

Sudarshan Colorants India Ltd. | Chemicals | Chemicals & Fertilizers | BSE: 506390 | NSE: SUDARCOLOR

23 Sep 2013 Evaluate

Clariant Chemicals (India) is currently trading at Rs. 514.35, up by 6.20 points or 1.22% from its previous closing of Rs. 508.15 on the BSE.

The scrip opened at Rs. 511.00 and has touched a high and low of Rs. 520.00 and Rs. 510.00 respectively. So far 2,875 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 674.00 on 19-Oct-2012 and a 52 week low of Rs. 371.10 on 28-Jun-2013.

Last one week high and low of the scrip stood at Rs. 530.00 and Rs. 503.00 respectively. The current market cap of the company is Rs. 1,371.00 crore.

The promoters holding in the company stood at 63.40% while Institutions and Non-Institutions held 9.03% and 27.57% respectively.

Clariant Chemicals (India) has received an approval for sale of the undertaking comprising of business of textile chemicals, paper specialties and emulsions along with employees, assets, liabilities and including all licenses, land leases, permits, consents and approvals thereto as a going concern by way of a slump sale on an as is where is basis to Archroma India for a total consideration of Rs 209.15 crore and on the terms and conditions as stated in the Business Transfer Agreement, as on September 30, 2013. The board of directors at its meeting held on September 19, 2013, has considered and approved for the same.

The board also approved relocation of the Masterbatches Plant of the Company from Kolshet, Thane to Renaissance Industrial & Warehousing Complex situate at Village Vashere, Taluka Bhiwandi, District Thane, Maharashtra, India to be operational effective from December, 2013.

Archroma India is a company incorporated in India under the Companies Act, 1956, being owned by S.K. Spice Sarl, an affiliate of S.K. Capital Partners, a US based private Investment Firm.

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.

Sudarshan Colorants Share Price

378.20 12.20 (3.33%)

08-May-2026 16:59 View Price Chart

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