Grasim Industries to acquire Chlor-Alkali Business of K P R Industries (India)
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.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Feb 18 2019 | 7:19 PM IST