NGL Fine-Chem has signed an agreement to acquire Macrotech Polychem Pvt Ltd for a cash consideration of ₹7 crore. Macrotech Polychem, incorporated in 2004, is in the business of manufacturing basic chemicals. No regulatory approvals are required for this investment, the company said, and added the investment does not fall within related-party transactions. Shares of NGL Fine-Chem closed 1.70 per cent higher at ₹435.65 on the BSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.