SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Coromandel International’s arm inks pact to acquire 16.53% stake in Flic Farm

18 Sep 2023 Evaluate

Coromandel International’s subsidiary--Dare Ventures has on September 17, 2023 entered into definitive agreements for subscription of 10 Equity Shares of Rs 10 each, and 2,193 Seed Series Compulsorily Convertible Preference Shares of Rs 10 each of Flic Farm constituting 16.53% of the post issue paid up share capital of Flic Farm.

Dare Ventures has been investing in early and growth-stage startups that provide technology-driven solutions to complex and long-term problems in the agriculture and allied sectors. This investment in XMachines aligns with Dare Ventures’ vision of investing in innovative startups that can bring about a positive change in the agriculture sector. The acquisition is likely to be completed during FY 2023-24. The total cost of acquisition will be Rs 3 crore.

Coromandel International is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain.


Coromandel Interntl. Share Price

1999.20 15.20 (0.77%)
25-Jun-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: