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Coromandel International acquires 50% stake in CSQM

25 Aug 2020 Evaluate

Coromandel International has acquired 50,00,000 equity shares of Rs 10 each constituting 50% of the total share capital of Coromandel SQM India (CSQM) - a joint venture between the Company and SQM, for a consideration of Rs 12 crore. Consequently, CSQM has now become a wholly owned subsidiary of the Company.

Coromandel International is engaged in the manufacturing of fertilizers, plant protection chemicals and speciality nutrients.

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