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Sequent Scientific has entered into an agreement with the Songwon Industrial Group of Korea to sell its specialty chemicals division along with all related assets and liabilities by way of a slump sale. The company has already sought approval of shareholders for the sale through a postal ballot, for which the last date for receipt of the postal ballot form is April 21. The transaction is expected to close in the third quarter of 2014. The BSE-listed stock on Tuesday closed at ₹232, up 7.9 per cent.
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