Camlin Fine Sciences Limited to acquire further 35% stake in subsidiary from JV partner
Posted On: 2021-02-08 04:34:34 (Time Zone: Arizona, USA)
The Board of Directors (Board) of Camlin Fine Sciences Limited at its meeting held today i.e., 08th February, 2021, has in-principally approved further acquisition of 35% stake in its subsidiary namely, Dresen Quimica SAPI de CV ( Dresen ) from Controladora De Servicios Riso S.A.P.I. de C.V. (the joint venture partner ) for an amount not exceeding USD 13 million (United States Dollar Thirteen Million), subject to regulatory approvals, if necessary and execution of definitive agreement(s) by the Company with the joint venture partner.