Aditya Birla Chemicals' Board Approves Acquisition of Solaris CAP Division

摘要

Mumbai—The board of directors of Aditya Birla Chemicals has approved the acquisition of Solaris Chemtech Industries Ltd.'s Chlor-Alkali and Phosphoric Acid (CAP) Division for Rs 153 crore. "This strategic acquisition further strengthens our position in the chlor-alkali business," said Aditya Birla Group Chairman Kumar Mangalam Birla. "It will take our chlor-alkali business on a higher growth trajectory and marks our entry into a new market segment of phosphoric acid."