ICI India completes sale of equity holding in Quest Intl

New Delhi, Mar 2: ICI India Ltd today sold its 100 per cent equityshare holding in Quest International India Ltd to Givaudari (India) PvtLtd for a sum of Rs 320 crore, which it announced November last.

The company also received an interim dividend of about Rs 31 crore prior to the said sale of shares, a statement said here.

It expects to receive a further consideration of about Rs 35 crorefor various agreed adjustments in the next quarter, it added.

ICI India manufactures and markets paints, speciality chemicals,adhesives and starch. The company through its joint venture alsomanufactures and markets fragrances and flavours.

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