Rallis India has received an approval for entering into definitive agreements to acquire a majority equity stake of 51% in Zero Waste Agro Organics. This acquisition is an all cash deal aggregating to Rs 29 crore, will be funded largely through internal accruals. The board at its meeting held on April 23, 2012 has approved for the same.
Zero Waste Agro Organics is a Maharashtra based organic manure and soil conditioners manufacturing company.
Rallis India mainly deals in Agri Business and has emerged as one of the leaders in the Indian Agrochemical Industry. The company is also in the Institutional business providing technical and bulk of various molecules to leading companies like Bayer, Syngenta, Excel, UPL, Gharda, Cheminova etc.