Rallis India to acquire 51% stake in Zero Waste Agro Organics

24 Apr 2012 Evaluate

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.

Rallis India Share Price

240.65 0.00 (0.00%)
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Peers
Company Name CMP
UPL 783.80
BASF India 2664.05
PI Industries 3484.00
Bayer CropScience 4631.95
Sumitomo Chemical India 471.10
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