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India: GOCL Corporation to Sell Partial Stake in Quaker Chemical Corporation

Hinduja Group firm GOCL Corporation, through its UK subsidiary, will partial stake in the Quaker Chemical Corporation.

 

The company has decided to divest 2,00,000 shares of the Quaker Chemical Corporation for a value of USD 35 million (around Rs 257 crore).

 

HGHL Holdings (HGHL), the company’s UK subsidiary, has beneficial interest in 4,27,395 shares of common stock of the Quaker Chemical Corporation/ Quaker Houghton, USA.

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