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Sabero Organics’ promoter sell 86,192 shares to Coromandel International

27 Jun 2011 Evaluate

Sabero Organics Gujarat’s (SOGL) promoter Sabita Hero Chuganee has sold 86,192 shares of the company to Coromandel International.

Earlier on May 30, 2011, the company’s promoters as listed in Table 1 executed an agreement with Coromandel International, a part of the Murugappa Group for the sale of 14,298,112 equity shares of Rs 10 each representing 42.22% of the paid-up capital of the SOGL.

Sabero Organics is an established player in the agrochemical industry which manufactures and sells a variety of specialty chemicals and crop protection products. It has a diversified product portfolio for insecticides, herbicides, fungicides and specialty chemicals.

Peers
Company Name CMP
UPL 642.05
PI Industries 3054.75
Bayer CropScience 4772.40
Sharda Cropchem 1072.05
Sumitomo Chemical 419.25
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