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Coromandel International rises on acquiring additional 14.89% equity capital of LUL

21 May 2013 Evaluate

Coromandel International is currently trading at Rs 192.00, up by 0.50 points or 0.26% from its previous closing of Rs 191.50 on the BSE.

The scrip opened at Rs 193.90 and has touched a high and low of Rs 193.90 and Rs 191.60 respectively. So far 1607 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 304.80 on 03-Sep-2012 and a 52 week low of Rs 180.00 on 12-Apr-2013.

Last one week high and low of the scrip stood at Rs 194.00 and Rs 186.25 respectively. The current market cap of the company is Rs 5434.71 crore.

The promoters holding in the company stood at 63.82% while Institutions and Non-Institutions held 13.81% and 22.37% respectively.

Coromandel International has acquired an additional 446,192 equity shares representing 14.89% of the equity capital of Liberty Urvarak (LUL) on March 28, 2013. Consequently, the company has acquired 100% equity shares of LUL. The company had earlier acquired 2,551,360 equity shares representing 85.11% of the equity capital of LUL from the shareholders of LUL on March 20, 2013, pursuant to a Share Purchase Agreement.

Coromandel International is the country’s second-largest phosphatic fertilizer player. Its crop protection business produces insecticides, fungicides and herbicides and markets these products in India and across the globe. The firm has also ventured into the retail business, setting up more than 640 rural retail centres in Andhra Pradesh and Karnataka.

Coromandel Interntl. Share Price

1927.70 -36.80 (-1.87%)
08-May-2026 16:59 View Price Chart
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