LUPIN TO ACQUIRE MAX-GB UNIT IN PUNJAB SOON
Article Abstract:
Lupin group has decided to take over Max-GB's (MGB) cephalosporin C and 7-ACA unit at Toansa near Chandigarh in Punjab. The acquisition will be done through its group company Lupin Chemicals (LC). MGB is a joint venture between Max India and Gist Brocades of the Netherlands. MGB's cephalosporin C and 7-ACA plant was set up at a cost of Rs40 crore. MGB was forced to close the production at the plant as it was found unfeasible. LC has posted a net profit of Rs5.8 crore on a turnover of Rs50 crore for the six months ended January 1998. (gs)
Comment:
Decides to take over Max-GB's cephalosporin C & 7-ACA unit at Toansa near Chandigarh in Punjab, India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ALKYL AMINES PICKS 31.78% STAKE IN DACL
Article Abstract:
Alkyl Amines Chemicals (AAC) has acquired 31.78 percent stake in Diamines and Chemicals Ltd (DACL). It has acquired the stake from Sintex Chemicals and BVM Finance at Rs2 per share. AAC plans to make an open offer to acquire a further 20 percent stake in DACL. AAC manufactures and markets aliphatic amines and amine derivatives. DACL manufactures ethylene amines and polyamines. (vv)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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