ICI India gets Rs.3.2 bn for Quest International stake

ICI India gets Rs.3.2 bn for Quest International stake
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First Published: Fri, Mar 02 2007. 11 43 PM IST
Updated: Fri, Mar 02 2007. 11 43 PM IST
Mumbai: ICI India Ltd, a maker of chemicals and paints, said it got Rs.320 crore from selling its entire stake in its unit Quest International India Ltd.
ICI India will get an additional Rs.35 crore from the buyer Givaudan (India) Pvt. for other agreed adjustments in the quarter starting 1 April, the Gurgaon-based company said in a statement. ICI also received Rs.31 crore as dividend before the sale of shares, the chemical maker said.
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First Published: Fri, Mar 02 2007. 11 43 PM IST