Aditya Birla Chem buys Jayshree Chemicals' unit for $35mn

Written By Unknown on Selasa, 09 September 2014 | 10.56

The company expects the acquisition to increase its total caustic soda capacity to about 355,000 tonnes per annum.

Aditya Birla Chemicals (India) Limited  said on Monday it has acquired  Jayshree Chemicals Ltd's caustic soda business for 2.12 billion rupees (USD 35.16 million).

Jayshree's facility, located in the eastern Indian state of Odisha, has a capacity of about 57,000 tonnes per annum, Aditya Birla Chemicals said in a statement.

The company, part of the USD 40 billion Indian conglomerate Aditya Birla Group, expects the acquisition to increase its total caustic soda capacity to about 355,000 tonnes per annum, and plans to fund the deal through internal accruals and debt.

(USD 1 = Rs 60.2900)

Aditya Birla Ch stock price

On September 09, 2014, at 09:15 hrs Aditya Birla Chemicals was quoting at Rs 299.00, up Rs 7.95, or 2.73 percent. The 52-week high of the share was Rs 307.00 and the 52-week low was Rs 78.05.


The company's trailing 12-month (TTM) EPS was at Rs 18.84 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 15.87. The latest book value of the company is Rs 182.55 per share. At current value, the price-to-book value of the company is 1.64.


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