Punjab Chemicals & Crop Protection Ltd has announced that the Company's overseas subsidiary, SD Agchem (Europe) N.V., has entered into an agreement to divest 100% shareholding in SD Agchem (Netherlands) B.V. (SDANBV) to one of the overseas subsidiary of United Phosphorous Limited.
With this divestment, SDANBV and its subsidiaries including Agrichem B.V., will cease to the Company's step down subsidiaries.