ICI India to merge fragrance, flavours unit Quest
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
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%.
By: Naresh Minocha
+65 6780 4359
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