Chatterjee Group to buy 90% stake in Mitsubishi Chemical’s India unit for $48m

Chatterjee Group to buy 90% stake in Mitsubishi Chemical’s India unit for $48m

Photo: Pradeep Gaur/Mint

The Chatterjee Group (TCG) led by New York-based serial investor Purnendu Chatterjee on Wednesday signed an agreement to acquire a 90% stake in Mitsubishi Chemical Corp.’s Indian subsidiary, MCC PTA India Corp. Pvt. Ltd, for an estimated $48 million, or Rs.323 crore at the current exchange rate.

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