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Zuari Agro Chemicals sells stake in Zuari Farmhub

21 Mar 2023 Evaluate

Zuari Agro Chemicals has sold 4,00,000 equity shares of Rs 10 each held in its wholly-owned subsidiary, Zuari Farmhub (ZFL) to an unrelated party. Consequently, Zuari Farmhub has ceased to be a wholly owned subsidiary of the Company with effect from March 20, 2023. However, the Company will continue to hold 99.95% in ZFL, and ZFL will continue to remain a subsidiary of the Company.

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.

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