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04 Aug 2014 | |
Chembond Chemicals Ltd has informed BSE that pursuant to the sale of water technologies business globally by Ashland Inc. to Solenis International LP (a fund managed by Clayton, Dubilier and Rice), its Joint Venture Company in India namely 'Chembond Ashland Water Technologies Limited' (CAWTL) would undergo shareholder changes. Solenis Netherlands B.V. (Solenis) would replace Ashland International Holdings Inc. (Ashland) as the shareholder effective July 31, 2014. As a result of these changes Solenis would now be Chembond Chemicals Limited's partner in CAWTL, replacing Ashland with all JV terms and conditions remaining unchanged. The JV Company would be renamed to reflect the change in ownership. | |
View all announcements for CHEMBOND CHEMICALS LTD. | Source: BSE India |