We refer to Company's earlier intimation dated December 19, 2019 to the Stock Exchanges and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015, this is to inform you that the Company has concluded the sale of its Masterbatch business to PolyOne Polymers India Private Limited, on a going concern basis by way of slump sale. The Company has today received the consideration of INR 4,211,863,174/- subject to normal adjustments. As on July 1, 2020, the Masterbatch Business stands transferred to PolyOne Polymers India Private Limited.<BR> <BR> Kindly take the above information on your record and acknowledge the receipt.<BR>
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