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EID Parry signs agreement with Synthite

31 Jan 2018 Evaluate

EID Parry has signed an agreement with Synthite Industries (Synthite) for forming a Joint Venture Company for manufacture of Value Added Algae products. The company and Synthite will hold equity shares in the ratio of 50:50 in the proposed JV company. The company will be investing a sum not exceeding Rs 11 crore in the proposed JV company.

EID Parry is a significant player in Sugar with interests in promising areas of Bio Pesticides and Nutraceuticals. The company also has a significant presence in Farm Inputs business through its subsidiary, Coromandel International.

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