Coromandel International has received approval for acquisition of 17.69% of issued share capital of Baobab Mining and Chemicals Corporation (BMCC) from existing shareholder of BMCC, at a consideration of $7.70 million by the company’s wholly owned subsidiary -- Coromandel Chemicals (CCL). This will result in an increase in stake held by CCL from the current 53.82% to 71.51%. CCL will be executing the necessary agreements with respect to the above transactions. The Board of Directors of the company in their meeting held on July 24, 2025 have approved the same.
In addition, board approved capital expenditure plans for setting up a bagging plant at Kakinada as a part of granulation capacity expansion.
Coromandel International is India’s pioneers and leading agri-solutions provider, offering diverse products and services across the farming value chain. The company is in the business segments of Fertilizers, Specialty Nutrients, Crop Protection and Retail.
