Bodal Chemicals Ltd has invested and acquired approx 42% stake in Trion Chemicals Pvt. Ltd. Trion Chemicals has recently started manufacturing of speciality chemicals for swimming pools and water treatment, also used as a bleaching agent in the textile industry.
The cash consideration paid for the acquisition is Rs. 29 million.
Trion Chemicals has started manufacturing TCCA (Trichloroisocyanuric Acid). This is the first plant in India having export as well as domestic market potential. The company is targeting mainly the USA market and already acquired EPA license in USA for environment protection.
The plant is located at Village - Neja, Nr. Khambhat, Gujarat.
Shares of BODAL CHEMICALS LTD. was last trading in BSE at Rs.134.6 as compared to the previous close of Rs. 136.05. The total number of shares traded during the day was 76230 in over 663 trades.
The stock hit an intraday high of Rs. 137.8 and intraday low of 134. The net turnover during the day was Rs. 10359235.