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PI Industries’ arm to acquire Plant Health Care Plc

27 Jun 2024 Evaluate

PI Industries’ wholly owned subsidiary -- PI Industries Management Consultancies L.L.C has received approval to make ‘Rule 2.7 Announcement’ to acquire Plant Health Care Plc (PHC) (Target entity). 

The Target entity will become a step-down subsidiary of the Company. The acquisition will enable the Company to offer integrated agri-solutions across both chemicals and biologicals. The Rule 2.7 Announcement is the Company’s announcement that it has a firm intention to make an offer for the Target. The completion of acquisition may take around 3 months from the date of Rule 2.7 Announcement, subject to the conditions of the Rule 2.7 Announcement getting satisfied. 

Plant Health Care Plc is an AIM UK-listed company with subsidiaries in the US, Brazil, Mexico and a few other countries. The board of directors in their meeting held on June 26, 2024 has approved the same. 

PI Industries is engaged in the business of- Agri inputs, Fine Chemicals and (CRAMS) Contract Research and Manufacturing Services), Polymers and Engineering Services.

PI Industries Share Price

2393.25 -36.75 (-1.51%)
31-Aug-2026 10:23 View Price Chart
Peers
Company Name CMP
UPL 564.00
PI Industries 2393.25
Bayer CropScience 4060.80
Sharda Cropchem 771.25
Sumitomo Chem. India 516.05
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