01 April 2009 23:45 [Source: ICIS news]
Ciba said it sold its stake for Indian Rupees(Rs)42.7m ($839,000 or €629,000). The company acquired the stake for Rs83.26m in June 2006.
VDPL manufactures triclosan, an antimicrobial ingredient in toothpastes and other personal-care products, at ?xml:namespace>
Ciba said demand for triclosan was declining and its anticipated new applications had not borne fruit. This had adversely affected the operations of VDPL, thereby necessitating its exit.
($1 = Rs50.87 = €0.75)
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