Sabero Organics Gujarat (SABERO) has become a subsidiary company of Coromandel International with effect from December 17, 2011. Coromandel International holds 67.75% share capital in SABERO.
Earlier, pursuant to share purchase agreement entered into with Coromandel International on May 30, 2011 by the then promoter and promoter group shareholders of the company, 36.75% of equity shares were acquired by Coromandel and further 31% from public shareholders through an open offer given to the shareholders of the company. Post acquisition Coromandel International holds 67.75% share capital of the company.
Coromandel International, a part of the $3.8 billion-Murugappa Group, is engaged in manufacturing of fertilizers, specialty nutrients, and crop protection.
Sabero Organics Gujarat has around 250 product registrations in over 50 countries, including Brazil, Europe, Australia and African countries. Coromandel International to expand its overseas market will leverage the large export base of Sabero, which derives 50 percent of the revenues from international markets.
Company Name | CMP |
---|---|
UPL | 507.00 |
BASF India | 3715.95 |
PI Industries | 3652.00 |
Bayer CropScience | 5531.00 |
Sumitomo Chemical India | 400.00 |
View more.. |