 "Clariant's solutions for creating personal care formulations")
Shares of Clariant Chemicals (India) moved higher by 12 per cent to Rs 356 on the BSE on Thursday after the board approved the restructuring plan by sale of Masterbatch Business to PolyOne Polymers for Rs 426 crore. The stock of specialty chemicals was trading at its highest level since April 4, 2019.
“The board approved the sale of Masterbatch Business to PolyOne Polymers India or its affiliate in India, on a going concern basis by way of slump sale for total consideration of Rs 426 crore,” Clariant Chemicals said in a regulatory filing.
The company said it
“The board approved the sale of Masterbatch Business to PolyOne Polymers India or its affiliate in India, on a going concern basis by way of slump sale for total consideration of Rs 426 crore,” Clariant Chemicals said in a regulatory filing.
The company said it
