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United Phosphorus charts Rs 1k-cr acquisition plan

08 Nov 2010 Evaluate

United Phosphorus, the country’s largest agro- chemical company, could use close to Rs 1,000 crore for acquisitions by the end of current fiscal. The company, which has interests in crop protection products and exports, is sitting on a Rs 2,100-crore cash pile as of September 2010. UPL is looking for companies which may make it easier to get a better market share.

The global chemical industry is said to be witnessing a consolidation wave with the Chinese state-owned ChemChina bidding for MAIN, the largest agrochemical company based in Israel. At one point, UPL was said to be talking to MAIN some time ago. Australia’s Nufarm, the second-biggest agrochem company, is also considered a takeover target. In December 2009, the company rejected an approach from Sinochem.

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UPL Share Price

633.35 -8.95 (-1.39%)
24-Apr-2026 12:11 View Price Chart
Peers
Company Name CMP
UPL 633.35
PI Industries 3103.55
Bayer CropScience 4691.80
Sharda Cropchem 1107.55
Sumitomo Chemical 440.75
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