Excel Industries has received approval for acquisition of a chemical manufacturing unit of NetMatrix Crop Care located at Andhra Pradesh Special Economic Zone, Visakhapatnam in the state of Andhra Pradesh as a going concern by way of slump sale. The cost of acquisition is Rs 95 crore.
The Board of Directors of the Company at its meeting held on June 27, 2019 has approved the same.
Excel Industries is engaged in the manufacturing of Agrochemical intermediates, phosphates, speciality chemicals, biocides and pharma products.