Shares of SRF jumped over 10 percent intraday. The company has acquired Global DuPont Dymel, pharmaceutical propellant business of American chemical giant DuPont for USD 20 million payable in cash. Under the agreement SRF will own Du Font’s ‘Dymel’ brand and receive the technology and knowhow for setting up its own ‘current Good Manufacturing Practices’ (cGMP) facility for manufacturing HFC 134a Pharma grade.
DuPont will supply SRF the product from its existing facility till SRF’s facility is approved. SRF Limited has two plants for manufacture of technical grade of HFC 134a. It is envisaged that HFC 134a pharma will form a part of the downstream products from these plants.
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DuPont will supply SRF the product from its existing facility till SRF’s facility is approved. SRF Limited has two plants for manufacture of technical grade of HFC 134a. It is envisaged that HFC 134a pharma will form a part of the downstream products from these plants.
For more news on free stock tips on mobile,free equity tips on mobile please visit us at http://marketmagnify.com/freetrial.php or call at 07316619100.
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