Zuari Agro Chemicals’ board has approved the sale of company's fertilizer plant at Goa and associated businesses of the company to Paradeep Phosphates (PPL) as a going concern, on a slump sale basis for an agreed enterprise value of $280 million as defined in the Business Transfer Agreement and for entering into necessary Business Transfer Agreement with PPL. The Board of Directors of the company at its meeting held on February 22, 2021, has 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.
