Indorama Ventures Ltd. (IVL) is close to acquiring a majority stake in Dhunseri Petrochem and manage the company jointly with the Dhanukas. IVL is a Bangkok-based polyester producer founded by Indian-origin businessman Aloke Lohia. A Dhunseri Petrochem notice to stock exchanges says that its Board will meet on Monday to consider a Scheme of Arrangement for restructuring and opportunities for strategic investment. The enterprise value of Kolkata-based Chandra Kumar Dhanuka's petrochem business is about INR 1200 crores. The Dhanuka family holds 67.28% of Dhunseri Petrochem while the balance equity stake is with public shareholders.
29-Feb-16 
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