Coromandel International has acquired 25,51,360 equity shares representing 85.11% of the equity capital of Liberty Urvarak (LUL) from the shareholders of LUL on March 20, 2013, pursuant to a Share Purchase Agreement. Accordingly, Liberty Urvarak has become a subsidiary company of Coromandel International.
The company had earlier entered into a share purchase agreement with LUL and the shareholders of LUL on January 24, 2013 for acquiring 29,97,552 equity shares of face value of Rs 10 each representing 100% equity share capital of LUL.
Besides, the company had on March 07, 2013 acquired 70,19,406 equity shares representing 48.62% equity capital of Liberty Phosphate (LPL) from the promoters of LPL pursuant to a share purchase agreement.
Further, LUL holds 722,928 equity of Liberty Phosphate representing 5.01% of the Voting Share Capital of Liberty Phosphate (LPL). By virtue of acquiring the controlling stakes in LUL, Coromandel International has indirectly acquired 5.01% equity of LPL. The total shareholding of Coromandel and LUL in Liberty Phosphate is now 7,742,334 equity shares representing 53.63% of the equity of LPL and LPL has become a subsidiary Company of Coromandel.
| Company Name | CMP |
|---|---|
| Coromandel Interntl. | 1965.75 |
| National Fertilizers | 75.13 |
| Rashtriya Chemicals | 132.20 |
| Chambal Fer. & Chem. | 471.25 |
| Paradeep Phosphates | 138.20 |
| View more.. | |
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