26 October 2006 17:21 [Source: ICIS news]
NEW DELHI (ICIS news)--ICI India Limited announced on Thursday that it would merge its wholly owned subsidiary Quest International India Limited (QIIL) with the main body of the company.
QIIL, which operates in the fragrances and flavours business, owns a manufacturing facility at Daman in Union Territory of Daman and ?xml:namespace>
In May, ICI India had bought a 49% additional equity stake in QIIL from Unilever subsidiary Hindustan Lever Limited (HLL) at a price of Rs540m ($11.9m/€9.4m) to hike its stake to above 99%.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|