Chembond Chemicals' arm gets foreign business license to commence operations in Thailand; Stock hits 52-week high

The stocks hit 52-week high at Rs257.50 per piece on Thursday's trade.

Jul 15, 2021 01:07 IST India Infoline News Service

Chembond Chemicals Ltd has informed to the exchange regarding incorporation of Chembond Water Technologies (Thailand) Company Limited, a wholly-owned subsidiary of Chembond Water Technologies Limited and step-down Subsidiary of Chembond Chemicals Limited.

The company said that its step down subsidiary Company has received a Foreign Business License enabling it to commence business operations in Thailand.

Chembond is a leading manufacturer and supplier of specialty performance chemicals to a cross section of industries across India.

The stocks hit 52-week high at Rs257.50 per piece on Thursday's trade.

On Sensex, Chembond Chemicals was trading at Rs247.85 apiece up by Rs18.65 or 8.14% from its previous closing of Rs229.20 apiece, at around 1:30 PM.

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