The division includes company's polymer stabiliser business and production site in Panoli, Gujarat alongwith with the local Research and development team, SeQuent Scientific Ltd said in a filing to BSE.
Commenting on the development, SeQuent Scientific CEO Manish Gupta said: "With the completion of the sale of the specialty chemicals business, SeQuent has completed its restructuring and is poised to for aggressive growth in its focus areas of animal health business and niche human API business."
"The transaction was originally announced in April 2014 and has now achieved completion on completion of closing conditions and statuory/regulatory approvals," SeQuent Scientific said.
Shares of SeQuent Scientific Ltd today closed at Rs 384 apiece on the BSE, up 0.17 per cent from previous close.
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