Grasim Industries signed a definitive agreement to acquire the Chlor-Alkali Business of K P R Industries (India) by way of slump sale, for cash consideration of Rs 253 crore towards a full and final settlement of the lenders' dues under a One-Time Settlement.
The Business consists of an under-construction 200 TPD Chlor-Alkali project at Balabhadrapuram, Andhra Pradesh.
Grasim would take over the assets and identified liabilities associated with the Chlor-Alkali Business.
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