Clariant may divest Indian subsidiary

India
Published:  02 November, 2013

Following the announcement of its Swiss parent company’s Clariant International plans to sell its Leather Services business to Stahl Holdings BV, Clariant Chemicals (India) Ltd informed India’s Business Standard on October 30, 2013, that its board will consider divestment of the business in India. 

“Clariant Chemicals (India) Ltd, the Indian subsidiary of Clariant, is active in Leather service business and this has contributed about 16% of net sales revenue of the company for the year 2012. The proposal to divest its leather service business will be considered by the Board and will be subject to appropriate approvals, as may be required under Companies Act, 2013,” said the company.

Source: Business Standard

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