- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Sudarshan Chemical Industries manufactures and sells a wide range of Organic and Inorganic Pigments, Effect Pigments. The Group also manufactures Pollution Control Equipment, Size Reduction Equipment and Grinding Equipments for industrial applications.(Source : 202003 Annual Report Page No:203)
Sudarshan Chemical sold its 100% stake in step-down subsidiary VP4 Frankfurt GmbH for EUR 76.5 Mn. This divestment strengthens focus on core pigments. Proceeds will prepay acquisition loans, targeting zero net debt and positive cash. Nutrinova will supply Diketene.
Sudarshan Chemical is divesting its non-core step-down subsidiary, VP4 Frankfurt GmbH, for EUR 76.5 Mn. This strategic move strengthens focus on core pigments and significantly boosts its balance sheet, aiming for zero net debt. Diketene supply is secured post-sale.