MoneyWorks4Me

Zuari Agro Chemicals to sell specialty nutrients business

05 Feb 2020 Evaluate

Zuari Agro Chemicals has received an approval for the slump sale of retail, Specialty nutrients business (SPN) & allied, Crop Protection & Care business (CPC), seeds and blended businesses of the Company to Zuari Farmhub (ZFHL) at a value of Rs 785.56 crore post subsidiariazation of ZFHL, the value which is arrived at based on an independent valuation. The Board of Directors of the company at their meeting held on February 05, 2020, approved the same.

Zuari Agro Chemicals is one of the leading fertilizer conglomerates in India. The company produces high-quality complex fertilizers of various grades along with seeds, pesticides, micro nutrients, and specialty fertilizers.

Peers