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Punjab Chemicals And Crop Protection Ltd Approves To Sell, Transfer Or Dispose Off Agro Formulation Division To Coromandel Agrico Private Limited

Thursday, 18 Jul 2013 05:43am EDT 

Punjab Chemicals And Crop Protection Ltd announced that the Board of Directors of the Company at meeting held on July 18, 2013, have considered and approved to sell, transfer or dispose off the Agro Formulation Division of the Company (the Undertaking) comprising of all fixed assets located at Nandesari, Vadodara, Lote Parshuram and Flat at Vadodara to Coromandel Agrico Private Limited by way of slump sale, subject to the approval of the shareholders, regulatory authorities and lenders. To sell, convey, transfer, deliver or dispose off the business conducted at Pune Unit of Industrial Chemicals Division of the Company, alongwith or without rights of the Company as may be feasible or possible, either on a going concern basis or in parts or otherwise, including assets, title, interest and obligations. 

Company Quote

-5.55 -2.49%
29 Apr 2015