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Best Agrolife gets nod to acquire plant for Rs 10.22 crore

12 Nov 2021 Evaluate

Best Agrolife’s board has approved purchase of immovable property (land including building), plant and machinery and stock owned by Agrico Chemicals for a total consideration of Rs 10.22 crore. This acquisition will increase the company's revenue by Rs 150 crore. This unit will lead to an addition of formulation capacity by 8,000 kilo litre/tonnes per annum. The acquisition will be completed by December. With the acquisition of this plant, the company will have four plants in Uttar Pradesh and J&K.

Best Agrolife engaged in business of trading of all kinds of plastic & chemicals raw material and products.

Peers
Company Name CMP
UPL 529.80
PI Industries 2186.00
Bayer CropScience 3545.55
Sharda Cropchem 699.80
Sumitomo Chem. India 392.00
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