Aditya Birla Chemicals (India) Ltd said that on Monday it has completed the acquisition of the chlor-alkali division of Jayshree Chemicals comprising caustic soda manufacturing unit at Ganjam (Odisha) and salt manufacturing facility at Pundi (Andhra Pradesh).
Last year Jayshree Chemicals had agreed for a “slump sale” of the businesses for ₹212 crore to Aditya Birla Chemicals. In August, the Government of Odisha approved transfer of leasehold rights of Government land held by the Jayshree Chemicals in favour of Aditya Birla Chemicals on revised terms and conditions.