hindustan Organic Chemicals to sell fuorocarbons subsidiary

摘要

Hindustan Organic Chemicals (Rasayani, India) will sell its major- ity stake in Hindustan Flurocarbons (HFL; Basheerbagh, Hyderabad, India) subsidiary, the company says in a regulatory fling. The sale forms part of the Indian government’s plan to exit unproftable and/ or nonintegrated enterprises. The government has called tenders to engage asset valuers and legal and transaction advisers for the sale of its 56.43% shareholding in HFL, held by Hindustan Organic, through a strategic sale.