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Gujarat Fluorochemicals gets nod to demerge Chemical Business

Gujarat Fluorochemicals has received an approval from its board to demerge the Chemical Business of the company pursuant to a Scheme of Arrangement between Gujarat Fluorochemicals and New Company (to be incorporated) and their respective shareholders.

The Resulting Company is also proposed to be incorporated with the objects of carrying on business of manufacturing of Fluoropolymers, Refrigerants, Chemicals, etc. The Board of Directors of the company at its meeting held on November 14, 2018 has approved the same.

Gujarat Fluorochemicals is engaged in the manufacturing of chloro-fluorocarbon refrigerant gases and hydrous hydrofluoric acid.

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