Coromandel International has acquired 14298112 equity shares of Sabero Organics Gujarat from the promoters of Sabero representing 42.22% of stake in the company’s equity at a price of Rs 160 per share and a non-complete fee of Rs 38.47 per share.
The company’s board has also authorised the Chairman and the Managing Director of the company for entering into a Share Purchase Agreement with Promoters of Sabero.
Coromandel International’s net profit for the quarter ended March 31, 2011 decreased by 11.51% at Rs 72.62 crore as compared to Rs 82.07 crore for the quarter ended March 31, 2010. Its total income for the quarter under review registered a drop of 9.47% to Rs 1248.96 crore as compared to Rs 1379.55 crore for the corresponding quarter of the previous year.
Company Name | CMP |
---|---|
Coromandel Interntl. | 1178.25 |
National Fertilizers | 95.95 |
Chambal Fert & Chem | 390.90 |
RCF | 140.05 |
Paradeep Phosphates | 65.16 |
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