Held on 08 September 2014
Jayshree Chemicals announced that the Board of Directors of the Company at its urgent meeting held on 08 September 2014, has approved sale of the Company's Chlor Alkali business, comprising of manufacturing facilities at Ganjam, Odisha and Salt Works in Andhra Pradesh to Aditya Birla Chemicals (India) for a cash consideration of Rs. 212 crore.The transaction will be done by way of slump sale of the business undertaking and is subject to approvals of the shareholders of the Company and other necessary approvals of various Government Agencies.
Powered by Capital Market - Live News