Through its UK subsidiary, HDHL Holdings
GOCL Corporation, through its UK subsidiary, namely HGHL Holdings (HGHL), has beneficial interest in 4,27,395 shares of Common Stock of Quaker Chemical Corporation / Quaker Houghton, USA.The Board of Directors of HGHL at its meeting held on 18 September 2020 has decided to divest 2,00,000 shares of Quaker Houghton, at a price of $175 per share. The total value of the divestment will be USD 35 million (approx. Rs.257 crore @ USD 1 to Rs. 73.44) when completed. There will be no tax implication on HGHL under the transaction.
The Company's investment in HGHL is GBP 1,00,000.
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