Chembond Chemicals Ltd has entered into a Share Purchase Agreement (SPA) with (i) I-Chem Solution Sdn Bhd, Malaysia and (ii) I Chembond Water Sdn Bhd, Malaysia, whereby the Company, subject to the conditions to be fulfilled as per the SPA, would acquire additional 49% of the equity shares of I Chembond Water Sdn Bhd, Malaysia. Post fulfillment of all the necessary terms, conditions & requirements as mentioned in the SPA, the Company would hold 100% of equity share capital of I Chembond Water Sdn Bhd, Malaysia. Further, pursuant to the fulfillment of the terms of the SPA, the Joint Venture (JV) Agreement with I-Chem Solution Sdn Bhd, Malaysia stands terminated.
Shares of CHEMBOND CHEMICALS LTD. was last trading in BSE at Rs.205.45 as compared to the previous close of Rs. 205.9. The total number of shares traded during the day was 51987 in over 784 trades.
The stock hit an intraday high of Rs. 220 and intraday low of 203.4. The net turnover during the day was Rs. 10853520.