Sector: Chemicals
Promoter partners investor for majority in Camlin Fine
Camlin Fine Sciences (CFS) currently has a promoter group shareholding of only 17.55%. Balance 38.73% is owned by institutions and remaining 43.72% by public. Of 17.55% promoter, 8.66% is owned by Ashish Dandekar Of 38.73% institutional, 21.1% is owned by Mauritius based long term investor Infinity Group. Both of them have decided to join together … Read more
Reliance commits first investment in the MENA region
Reliance has partnered with Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) to invest $2 billion in setting up a petrochemical production facility in the UAE. Key pointe to note – TA’ZIZ is aimed at developing economic competitiveness of UAE. TA’ZIZ comprises of three main zones: the TA’ZIZ Industrial Chemicals Zone (TICZ, chemicals production), TA’ZIZ Light … Read more
Amicable family settlement happens at the Inox group
Currently Inox group is run by the 3rd generation of promoters – Brothers Pavan Jain (70) and Vivek Jain (66). Brothers have reached an amicable family settlement. Pavan Jain gets the control of – Inox Leisure – listed, movie theater business Inox Air Products – unlisted, industrial and medical gases manufacturer Inox India – unlisted, … Read more
Asian Paints denies allegations related to related party deals
The Company has denied allegations of a whistleblower on undue advantage to the promoters at Company’s expense and provided the necessary clarifications. The allegation – Reports surfaced in media that a whistleblower has made a complaint that Asian Paints (APL) entered into a transaction with one of it’s ex-employees Jayram Nadkarni and the company founded … Read more
Godrej Industries looking attractive. Holding company discount may be overdone.
Godrej Industries (GI) is one of the holding Company of Godrej group. Besides, it’s also a leading manufacturer of oleochemicals on standalone basis. However, for all practical purposes, it should be mainly looked at as a holding Company – numbers of it’s standalone business are not much exciting. It also borrows to fund various group … Read more