Breaking News
Thursday , August 24 2017
Home / Business / Deepak Fertilisers’ arm to acquire majority stake in PCPL

Deepak Fertilisers’ arm to acquire majority stake in PCPL

Deepak Fertilisers & Petrochemicals Corporation’s (DFPCL) wholly owned subsidiary – Smartchem Technologies (STL) has decided to acquire majority stake in Performance Chemiserve (PCPL), a company engaged in packaging services to the chemical industry since 2006.

STL proposes to take up to 76% equity stake in PCPL by way of a fresh issue to fund further growth. After the acquisition of shares by STL, PCPL would become the subsidiary of STL and step-down subsidiary of DFPCL.

Deepak Fertilisers and Petrochemicals Corporation is a manufacturer of fertilizers. The company’s segments include Chemicals, which offers products, such as ammonia, methanol, dilute nitric acid (DNA), concentrated nitric acid (CAN), carbon dioxide (CO2) etc.

Loading...

About editor

Close