Brief: Dhunseri Petrochem Says To Sell 50 Pct Of Co's Stake In JV Egyptian Indian Polyester Co To Indorama

Dhunseri Ventures

15/06/2018 06:59

June 15 (Reuters) - Dhunseri Petrochem Ltd  DHUN.NS :
    * ENTERED INTO  SHARE PURCHASE AGREEMENT  WITH INDORAMA
VENTURES
PUBLIC CO, ITS TWO UNITS  TO SELL 50% OF CO'S STAKE IN JV CO
    * CO, INDORAMA EXECUTED SHAREHOLDERS' AGREEMENT TO DETERMINE
MUTUAL RIGHTS, OBLIGATIONS INCLUDING MANAGEMENT OF JV
    * SAYS TO SELL 50% OF ITS SHARES OF JV EGYPTIAN INDIAN
POLYESTER
CO TO INDORAMA FOR A TOTAL CONSIDERATION IN CASH

Source text: http://bit.ly/2HPqD4E
Further company coverage:  DHUN.NS 

 ((Reuters.Briefs@thomsonreuters.com;))