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Vishnu Chemicals buys 100% stake in Solvay Vishnu Barium

By Religare

Vishnu Chemicals Ltd, a chrome chemicals manufacturer said that it has acquired 100 per cent share capital of Hyderabad based Solvay Vishnu Barium.

"The Company has made investments in 'Solvay Vishnu Barium Private Limited', Hyderabad and acquired 100% share capital of the said Company," the company said in a filing to the Bombay Stock Exchange.

With this acquisition, Solvay Vishnu becomes a wholly-owned subsidiary of Vishnu Chemicals.

Meanwhile, shares of the company were trading at Rs 444.50 a piece, down 3.05 per cent from the previous close at 10:21 hours on BSE.

Story first published: Thursday, August 20, 2015, 12:30 [IST]
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