Manish Kiri, managing director (MD) of Kiri Industries in an interview to CNBC-TV18 said, news about acquisition of Single Super Phosphate (SSP) facility of Bodal Chemicals is false.
On Monday, Bodal Chemicals made an announcement to the exchange saying that it is selling its division to Kiri Industries for about Rs 600 crore. However, Kiri Industries has already sent a clarification to BSE and NSE about this. Below is the edited transcript of his interview with Latha Venkatesh and Gautum Broker of CNBC-TV18. Also watch the accompanying video. Q: We learn that you have acquired the Single Super Phosphate (SSP) facility of Bodal Chemicals for about Rs 600 crore. How are you going to finance that? What kind of revenue addition would this bring to Kiri Industries? A: We ourselves are surprised with the statement about acquisition. The statement which came this morning was completely incorrect. It is not true, we donDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
