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PI Industries’ promoters divest 6.4% stake in the company

11 Dec 2015 Evaluate

PI Industries’ (PI) Promoters have divested their holding to the extent of 6.4%. Their holding will stand at 51.7%, ex-transaction. The stake was acquired by a combination of high-quality domestic and foreign investors, reaffirming their faith in the Company's long-term prospects. The proceeds from this transaction will be utilized towards family and philanthropic activities of the promoters

PI Industries focuses on Agri-Input and Custom Synthesis with strength of over 1,400 employees. PI Industries currently operates three formulation and two manufacturing facilities as well as five multi-product plants under its three manufacturing locations across Jammu and Gujarat.

Peers
Company Name CMP
UPL 540.45
PI Industries 2190.50
Bayer CropScience 3600.00
Sharda Cropchem 723.85
Sumitomo Chem. India 404.20
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