Aditya Birla Chemicals (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 16, 2011, inter alia, approved acquisition of Chloro Chemicals Division from Kanoria Chemicals & Industries Limited on slump sale basis for a cash consideration of Rs. 830 crores, subject to necessary approvals and formalities.
The Company has submitted to BSE a copy of a press release containing details of the transaction.Read More
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