Coromandel International’s wholly owned subsidiary--- Dare Ventures has subscribed to 7.40% paid up share capital of Dhaksha Unmanned Systems (Dhaksha) at a consideration of Rs 15.99 crore, thereby increasing its shareholding in Dhaksha to 16.82% of fully paid up and issued equity share capital of Dhaksha.
The company’s investment, through its wholly-owned subsidiary, in Dhaksha underscores its commitment to help Indian farmers access latest technologies in agriculture. The company believes the drone technology will be a game changer in increasing the adoption of water-soluble fertilisers, liquid fertilisers, nano fertilisers, in addition to the crop protection products in India.
Coromandel International is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain.
| Company Name | CMP |
|---|---|
| Coromandel Interntl. | 1906.80 |
| National Fertilizers | 76.81 |
| RCF | 127.20 |
| Chambal Fert & Chem | 453.15 |
| Paradeep Phosphates | 122.25 |
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