Aditya Birla Chemicals (India) Ltd has bought the chlor-alkali and phosphoric acid business of Solaris Chemtech Industries for Rs. 153 crore ($27 million)..Vaish Associates advised Solaris Chemtech, part of the $4 billion Avantha Group while Aditya Birla Chemicals was advised by its in-house team..Vaish team was led by Partner Satwinder Singh along with Senior Associate Hitesh Sablok and Associates Sumbhav Nagory and Urmi Chudgar..This transaction will enable the entry of Aditya Birla Chemicals, a unit of Aditya Birla Group, into the Southern Indian market as well as the addition of phosphoric acid to its current product portfolio, reports ET
Aditya Birla Chemicals (India) Ltd has bought the chlor-alkali and phosphoric acid business of Solaris Chemtech Industries for Rs. 153 crore ($27 million)..Vaish Associates advised Solaris Chemtech, part of the $4 billion Avantha Group while Aditya Birla Chemicals was advised by its in-house team..Vaish team was led by Partner Satwinder Singh along with Senior Associate Hitesh Sablok and Associates Sumbhav Nagory and Urmi Chudgar..This transaction will enable the entry of Aditya Birla Chemicals, a unit of Aditya Birla Group, into the Southern Indian market as well as the addition of phosphoric acid to its current product portfolio, reports ET