Rallis India, a TATA Enterprise and a leading player in the Indian crop protection industry, has acquired 22.8% stake in Zero Waste Agro Organics (ZWAOPL), a Maharashtra based organic manure and soil conditioners manufacturing Company.
Back in April 2012, the company entered into the definitive agreements for the acquisition of ZWAOPL. With this, Rallis completed the First Closing in terms of the agreements, by acquiring the first tranche of shares comprising 22.8% of the Equity.
As per the agreement, in the first phase, the company will invest Rs 10 crore on this acquisition, which will include Rs 5 crore on investment in the company and Rs 5 crore for purchase of shares from the current shareholders. Further, Rallis has the right to increase its stake to 51% in a year’s time as per definitive agreement.
Rallis is one of India’s leading agrochemicals companies, with a century old tradition of servicing rural markets and a comprehensive portfolio of crop care solutions for farmers.
Company Name | CMP |
---|---|
UPL | 511.80 |
BASF India | 4630.80 |
PI Industries | 3596.90 |
Bayer CropScience | 5495.00 |
Sumitomo Chemical India | 408.85 |
View more.. |