Southern Petrochemicals Industries Corporation (SPIC) has received an approval to sell 2.58 crore equity shares of Rs 10 each comprising 55.97% of SPEL Semiconductor, a company listed on BSE and Delhi Stock Exchange, held by the company, to Natronix Semiconductor Technology, a company incorporated under the laws of Singapore. The board of directors at its meeting held on November 07, 2013 has approved for the same.
The above is however subject to approval of the shareholders of the company, in terms of the SEBI Order issued to Natronix Semiconductor Technology, under Regulation 11(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Southern Petrochemical Industry Corporation since its founding has been providing product and services that feed, nourish, and protect the agriculture and rural ecosystem. The company is now a well diversified one with area of businesses spreading from fertilizers to pharma.
Company Name | CMP |
---|---|
Coromandel Interntl. | 1249.95 |
National Fertilizers | 108.25 |
Chambal Fert & Chem | 407.75 |
RCF | 163.90 |
Paradeep Phosphates | 68.70 |
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