As far as specialty chemicals space has been buzzing for some time now and we learnt that Clariant Chemicals is likely to acquire about 51 percent stake in India Glycols' specialty chemical business.

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India Glycols is currently present in three verticals, i.e., natural active pharma, nutraceuticals, and specialty chemicals. Clariant Chemicals is eyeing a 51 percent stake in the last vertical.

In terms of valuation, this transaction is likely to value at about Rs 1,000 crore and through this stake sale India Glycols would be raising approximately Rs 500 crore.

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(Edited by : Yashi Gupta)

First Published:Feb 16, 2021 12:10 PM IST