Responding to a media report ‘Clariant Chemicals to buy 51% in India Glycols' specialty chemical biz’, India Glycols stated that the company is yet to take any final decision regarding any collaboration.

“The Company in the course of its business continuously evaluates options and pursues discussions with various third parties (including potential investors) from time to time, to explore various types of relationships aimed at developing and promoting the business and growth of the Company. However, the Company did not firm-up its intention, or make any final decision, or conclude any definitive arrangement, in connection with any potential collaboration. As and when any such discussions fructify, or lead to any definitive agreement or arrangement, the Company, in accordance with its policy regarding disclosure of unpublished price sensitive information and the relevant regulations of the Securities and Exchange Board of India, makes requisite disclosures to the stock exchange in the manner and to the extent required by applicable law,” India Glycols clarifies to the stock exchange.