As per the terms of agreement for sale in respect of the Kasarwadi land parcel in Pune, India, Dai-ichi Karkaria Limited has on Oct 19, 2020 received further sum of Rs.12 crores only.

 

The amount forms part of the total consideration to be received on the sale of the land parcel.

 

In December 2019, the company had sold the Kasarwadi land to Gera Developments Private Limited at a cost of Rs.153.50 crores. The Company has already received a total amount of Rs. 25 crores during execution of MoU and agreement for sale.

 

The company is engaged in the development and manufacture of high performance speciality chemicals. Product range of the company includes leather chemicals, oilfield chemicals, non-ionic, anionic, cationic polyelectrolytes for use as flocculants and in agricultural applications, spin finishes, additives for the rayon industry, selective polymers for the oil industry like pour point depressants, flocculants and chelating agents used in water treatment and related industries.