Company news: NGL Fine-Chem

| Updated on May 16, 2019 Published on May 16, 2019

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.

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Published on May 16, 2019
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