The board of directors of Punjab Chemicals (Q, N,C,F)* & Crop Protection recommended a dividend of 25%, that is Rs 2.50 a share of Rs 10 each. The above decision was taken in the board meeting held on May 28, 2007.
In December 2006, SD Agchem (Europe), a 100% subsidiary of Punjab Chemicals, signed a share purchase agreement with the promoters of Sintesis Quimica, a company-based in Argentina. The share purchase agreement was signed for the purpose of purchasing shareholding from Sintesis Quimica. Accordingly, Sintesis has become a subsidiary of SD Agchem (Europe). The acquisition was valued at USD 10 million.
The company is engaged in the manufacturing of organic chemicals including oxalic acid and other oxalates, and agro-chemicals and their intermediates.
Shares of the company closed up Rs 8, or 6.41%, at Rs 132.85. Total volume of shares traded at the BSE was 55,816.(Monday).
Posted By Staff Reporter
in Punjab News
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