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Meghmani Organics’ arm acquires 24.97% stake in MFL

30 Apr 2018 Evaluate

Meghmani Organics’ (MOL), wholly-owned subsidiary -- Meghmani Agrochemicals has given successful exit to International Finance Corporation (IFC) by acquiring 24.97% equity stake held by IFC in Meghmani Finechem (MFL) for a consideration of Rs 221.2 crore. MFL is a material subsidiary of MOL.

Meghmani Organics is a leading manufacturer of pigment and pesticide products in the country and is the recipient of several prestigious awards in recognition of its outstanding business performance.

Peers
Company Name CMP
UPL 555.00
PI Industries 1714.80
Bayer CropScience 3444.50
Sharda Cropchem 728.15
Sumitomo Chem. India 346.80
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