Clariant Chemicals’ declares special Rs 140 interim dividend 

Polymers India acquires Clariant India’s masterbatch biz  

0
1047
Adnan Ahmad vice-chairman and managing director of Clariant Chemicals India Photo Clariant
Adnan Ahmad vice-chairman and managing director of Clariant Chemicals India Photo Clariant

Mumbai 11 July 2020. Clariant Chemicals (India) Limited, a focused, sustainable and innovative specialty chemical company today announced a special interim dividend on equity shares of Rs. 140 per share, i.e., 1400% of the paid-up equity share capital of the company for the financial year 2020-21. This Special Interim Dividend shall be paid on or after July 19, 2020.

 ‘‘We successfully concluded the sale of our masterbatches business in Clariant Chemicals (India) Limited, to PolyOne Polymers India Private Limited, on a going concern basis by way of slump sale. Over the years, we increased the value of this business to bring it to where it is today. My board and I are now delighted to announce a special interim dividend, to thank our shareholders for the confidence and support they showed by staying with us through the challenges we faced as we continue to build a strong and valuable company.” said Adnan Ahmad, vice chairman and managing director, Clariant Chemicals (India) Limited.

Our view on Clariant divesting masterbatches

At K2019 we became aware of the global simplification of Clariant’s activities and its divestment of the masterbatch business. This was of special interest because at K2019 Clariant was showing some innovations in sustainability-oriented masterbatches. It is good to finally know how the simplification and divestment of the masterbatch business are playing out in India also.