Rallis India has inked an agreement for increasing its stake in its subsidiary Zero Waste Agro-Organics (ZWAOL), from 73.63% to 100%. Consequently, ZWAOL will become a wholly owned subsidiary of the company, on completion of the acquisition of the balance shares in ZWAOL. The company will acquire balance 26.37% stake in ZWAOL for Rs 19.49 crore.
ZWAOL is engaged in the manufacture of organic compost. The company was incorporated on November 9, 2011 and has its presence in India.
Rallis India is a major agri-solution provider company in India. The company has been associated with the farming community for the past over 160 years and continuously strives to improve farm productivity through innovative product & service offerings.