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Exchange Disseminated Time | Clariant Chemicals (India) Ltd has informed BSE that pursuant to approval by the Board at its meeting held on September 19, 2013 the Company has sold / transferred the business of textile chemicals, paper specialties and emulsions to Archroma India Pvt. Ltd. as on September 30, 2013 as a going concern and has received the total consideration of Rs. 209.15 crores. Clariant and Archroma has entered into business continuation agreement whereby Clariant will run the business for a transitory period in Trust for Archroma. |
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