Coromandel International has executed agreement to subscribe to equity shares in Coromandel Crop Protection Philippines Inc (CCPP) by infusion of $193,000 (upto Rs 1.56 crore). This infusion of $193,000 will increase the company’s stake from 40% to 93.23% and then CCPP will become a subsidiary of the Company.
Further Investment in CCPP is with the intention to gain control on the market/ channel by owning registration/ brands and establish direct access to the channel. The acquisition shall be completed during second quarter of FY 2024-25.
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. | 1868.95 |
| National Fertilizers | 76.63 |
| RCF | 126.25 |
| Chambal Fert & Chem | 452.40 |
| Paradeep Phosphates | 122.60 |
| View more.. | |
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