Wadia Group buys Belgium-based Solvay's 25% stake in National Peroxide

With this deal, Wadia Group raises its holding in National Peroxide Ltd to over 70 percent

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BS B2B Bureau Mumbai

Last Updated : Mar 29 2017 | 1:06 PM IST

The Wadia Group has agreed to purchase additional 25.1 percent stake in National Peroxide Ltd (NPL) from its JV partner Solvay SA, the Belgium-based manufacturer of specialty chemicals & polymers. With this deal, Wadia Group will consolidate its holding in NPL to over 70 percent.

National Peroxide is the largest domestic producer of hydrogen peroxide, having an all India market presence and significant market share of close to 45 percent. In addition to hydrogen peroxide, NPL also manufactures sodium perborate and per acetic acid.

Having its manufacturing unit located at Kalyan, near Mumbai, NPL is the largest single location hydrogen peroxide manufacturer

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