The aggregation would pay a sum of $20 million, or a tad over Rs 120 crore for the Fluorochemicals business.
Under the transaction SRF will own Du Font’s ‘Dymel’ cast and accept the technology and ability for ambience up its own ‘current Good Accomplishment Practices’ (cGMP) ability for accomplishment HFC 134a Pharma grade, the aggregation said in a filing to banal exchanges.
DuPont will accumulation SRF the artefact from its absolute ability till SRF’s ability is approved. The application for the transaction is USD 20 actor payable in cash.
SRF has two plants for accomplish of abstruse brand of HFC 134a. It is envisaged that HFC 134a pharma will anatomy a allotment of the after articles from these plants. It is SRF’s endeavour to consistently move up the amount alternation and this accretion is a move in that direction.
At 09:30 a.m.; the banal was at Rs 962.95, up 9.47 per cent, on the BSE. It rallied 10.49 per cent to blow aerial of Rs 972 in aboriginal trade.
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