Clariant Chemicals at new high

Clariant Chemicals, which had closed on Friday at Rs.486.30, opened at Rs.574 and within minutes hit a new 52-week high at Rs.575. Though it has come off this high, it remains firmly in the green at Rs.555, up over 14%. Volumes have spiked up almost 10 times.

In these troubled times, it is rare to see someone being generous.

The company has announced a Special Interim Dividend on Equity Shares of Rs. 140/- per share i.e., 1400% of the Paid-up Equity Share Capital of the Company for the Financial year 2020-21.

This Special Interim Dividend shall be paid on or after July 19, 2020.

“We successfully concluded the sale of our Masterbatches business in Clariant Chemicals, to PolyOne Polymers India, on a going concern basis by way of slump sale. Over the years, we increased the value of this business to bring it to where it is today. My Board and I are now delighted to announce a special interim dividend, to thank our shareholders for the confidence and support they showed by staying with us through the challenges we faced as we continue to build a strong and valuable company.” said Adnan Ahmad, Vice Chairman & Managing Director, Clariant Chemicals.