Brief: Gujarat Fluorochemicals enteres into deal to sell stake in Xuancheng Hengyuan Chemical Technology Co
22/07/2016 13:42
July 22 (Reuters) - Gujarat Fluorochemicals Ltd GFLR.NS : * Entered into an agreement for sale of its stake in its joint venture company Xuancheng Hengyuan Chemical Technology Company Limited * Xuancheng Hengyuan Chemical Technology Co will cease to be a joint venture company of Gujarat Fluorochemicals Limited * Source text: Gujarat Fluorochemicals Ltd has informed BSE that Gujarat Fluorochemicals Limited, has entered into an agreement for sale of its stake in its Joint Venture Company Xuancheng Hengyuan Chemical Technology Company Limited, China. In view of the same, Xuancheng Hengyuan Chemical Technology Company Limited, China will cease to be a Joint Venture Company of Gujarat Fluorochemicals Limited on receipt of approval from the relevant regulatory authorities and transfer of Gujarat Fluorochemicals Limited's shareholding in the Joint Venture Company. Further, in terms of provisions of the Company's Code of Conduct to regulate, monitor and report trading by its Employees and other Connected Persons under SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the Company shall remain closed from July 25, 2016 to July 26, 2016. The same has been intimated to all the Directors, Officers and designated Employees of the Company. * Further company coverage GFLR.NS ((Bengaluru Newsroom; +91 80 6749 1130))