Atul Forms Equal Joint Venture for Water Treatment Chemicals Business

MT Newswires Live

Feb 06

Atul Ltd (NSE:ATUL, BOM:500027) said AtulBuckman Specialties has been incorporated as a joint venture between Atul and Buckman Laboratories (Asia), according to a Friday filing.

The new entity will operate in water treatment chemicals and solutions, including digital solutions linked to water treatment applications.

Atul and Buckman Laboratories (Asia) will each hold a 50% equity stake in the joint venture.

The company has been incorporated with an authorized and paid-up share capital of 1 million Indian rupees each, with the investment yet to be infused, the filing said.

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