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| Exchange Disseminated Time | Clariant Chemicals (India) Ltd has informed BSE that Clariant, the major shareholder of Clariant Chemicals (India) Ltd, has announced that SK Capital has agreed to purchase the Business Units Textile Chemicals, Paper Specialties and the Business Line Emulsions from Clariant. This will include the transfer of the whole R&D, applications, sales and marketing organisation along with production plants and sites worldwide.
Clariant Chemicals (India) Ltd has production facilities for manufacture of textile chemicals and produces paper specialties and emulsion products at its Roha plant. The decision of Clariant to divest its business in India will be subject to appropriate approvals under the Companies Act, 1956 and these will be initiated after approval of Board of Directors. |
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