Sumitomo to acquire 44% stake in Excel Crop Care: Report

Japanese conglomerate Sumitomo is reportedly in advanced talks to acquire a substantial equity stake in Excel Crop Care. The proposed deal could pave the way for the Japanese conglomerate to own about 44 percent shares of the company for a total consideration of Rs 1,200-1,300 crore.  The Japanese conglomerate is planning to buy out stake of Excel promoters - the Shroff family - holding 24.7 percent equity as well as two financial investors together owning close to 19 percent of the shares.

Excel Crop Care is engaged in manufacture and trading of Pesticides. Besides solutions in soil health, seed treatment, crop protection, pest management, Excel Crop Care also offers effective post-harvest treatment that has ensured smooth supply and trade in agricultural commodities in many countries.