Coromandel International has reportedly signed an agreement to acquire the bio-pesticides business of E.I.D. Parry (India) together with its wholly-owned subsidiary Parry America, Inc, US, through a slump sale.
The transaction is valued at Rs 338 crore and includes purchase of bio-pesticides business of E.I.D. Parry together with its R&D unit, captive plantations and its wholly-owned subsidiary Parry America, Inc.
Coromandel International is engaged in the manufacture and trading of farm inputs consisting of fertilizers, crop protection, specialty nutrients and organic compost. The company’s business divisions include Fertilizers, Specialty Nutrients, Crop Protection and Retail.