For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Kilburn Chemicals enters into sale pact with VKA Polymers

By Religare
|

Anatase Grade Titanium Dioxide producer Kilburn Chemicals Ltd said it has entered into a sale agreement with V.K.A. Polymers Pvt Ltd for its wind mill division.

The wind mill division is to be sold on slump-sale basis at a consideration of Rs 15 crore, the company said in a filing to the Bombay Stock Exchange.

Also, it is expected to complete the transaction over the course of the week itself, it added.

 

Earlier in May, Kilburn Chemicals entered into MoU with Shri Dhanalakshmi Green Energy India Pvt Ltd for sale of its wind mill division as a going concern on a slump-sale basis.

As per the MoU, the buyer was to pay the balance consideration and complete the transaction on or before May 22, 2015. As the buyer failed to do so, therefore, the company has terminated the MoU and sell the division to a new buyer, the company said in a statement.

Kilburn Chemicals Limited (KCL) is a leading producer and exporter of Anatase Grade Titanium Dioxide in India. It produces Titanium Dioxide by the Sulphate route. KCL also manufactures and exports the by-product Ferrous Sulphate.

Story first published: Tuesday, September 22, 2015, 12:20 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more