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Kanoria to use money for new businesses, not on dividends

Aditya Birla Chemicals acquired a unit of Kanoria Chemicals & Industries for Rs 8,300 crore to boost the chloro-chemicals division. RV Kanoria chairman and managing director of Kanoria Chemicals says that the company is looking to deploy the money from the deal for growth in new businesses.

April 18, 2011 / 15:17 IST
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Aditya Birla Chemicals acquired a unit of Kanoria Chemicals & Industries for Rs 830 crore to boost its chloro-chemicals division. In an exclusive interview with CNBC-TV18

TAGS: #Aditya Birla Chemicals #Business #Kanoria Chemicals & Industries #Mitali Mukherjee #RV Kanoria #Udayan Mukherjee
first published: Apr 18, 2011 09:12 am

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