Lanxess makes first acquisition in India;to buy Gwalior Chemical's chemical businessesand assets

摘要

Speciality chemicals company, Lanxess India P. Ltd., will acquire the chemical businesses and assets of stock-market-listed Gwalior Chemical Industries Ltd. for Rs. 536-crore (Euro 82.4-mn), a cost that includes debt of Rs. 156-crore (Euro 24-mn). This is the first acquisition of Lanxess India, a subsidiary of Germany-based Lanxess AG