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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.

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UPL 506.35
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