Birla: Deal is a compelling strategic fit. Kanoriaâ€™s chlor-alkali division includes" />
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Chemical Week Magazine :: Business & Finance :: Asia/Pacific
Aditya Birla to Buy Kanoriaâ€™s Chlor-Alkali Division
6:11 AM MDT | April 22, 2011 | â€”deepti ramesh
Aditya Birla Chemicals (Rehla, India), part of the Aditya Birla Group (Mumbai), says its board of directors has approved the acquisition of the chlor-alkali division of Kanoria Chemicals & Industries (Kolkata, India) for Rs8.3 billion ($187 million). The chlor-alkali division generated sales of about Rs3.03 billion in the fiscal year ended March 31, 2010. The deal is expected to be completed by the end of May. Birla: Deal is a compelling strategic fit. Kanoriaâ€™s chlor-alkali division includes...
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