Diversified fertilisers player, Deepak Fertilisers and Petrochemicals Corporation Ltd has acquired 49 per cent equity stake, with management control in Navsari-based Desai Fruits and Vegetables Pvt Ltd (DFV) for a total of Rs 60.77 crore. As per the deal, Deepak Fertilisers will invest Rs 60.77 crore through fresh issue of equity shares to be paid for over the next 30 months. The investment by Deepak Fertilisers would lead to a dilution of the existing holdings of European strategic investor consortium as well as the Indian promoters. The deal values the firm at Rs 124 crore. The current market value of the facilities and infrastructure of DFV is close to Rs 24 crores.
DFV has a strong farmer base with a harvest potential of about 100,000 MT per annum. DFV is India’s largest exporter of bananas with annual exports of close to 10,000 MT, which equals to 20 per cent of India’s banana exports. A consortium of Swiss investors through Contract Farming India AG held majority stake in DFV, which was originally founded by Ajit Desai chairman and managing director of the company. Desai is currently a minority shareholder in the firm. The compaby will invest in building pack houses for primary processing and packaging of fresh produce and to build state-of-the-art ripening chambers which provide safe and hygienic fresh produce for consumption. We have envisaged a capex of about Rs 25 crores over the next 2 to 3 years. Currently, the company would continue focusing on bananas, thereafter, it would propose to expand to other fresh produce i.e. fruits and vegetables. The deal is believed to extend the scope of Deepak Fertilisers' agriculture business, which includes nutrients and fertilizers.
| Company Name | CMP |
|---|---|
| BASF India | 3693.20 |
| Tata Chemicals | 707.70 |
| SRF | 2474.05 |
| Pidilite Inds. | 1407.65 |
| Deepak Nitrite | 1645.15 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: