SRF sells engineering plastics business to DSM for INR 320 cr

SRF Limited entered a definitive agreement to sell its Engineering Plastics Business to DSM in an all-cash transaction worth INR 320 crore. The business manufactures engineering plastic compounds for automotive and electrical industries.

“Today marks a significant milestone for our company, as we take another step along our strategic direction of focusing on our core Businesses”srf.com

• 3 sources
• srf.comSRF Limited Announces Definitive Agreement to Sell its Engineering Plastics Business to DSM – Makes a Strategic Exit to focus on Core Businesses | SRFMay 11, 2019
• doi.org2 firms set a passage to IndiaMarc S. ReischMay 17, 2019
• cen.acs.orgDSM and DIC look to India for growthMarc S. ReischMay 18, 2019

Summarized from public sources; check the original articles before acting on it.