Ace News
Coromandel International has received an approval from the Board to further acquire additional 6.67% equity shares in Coromandel Crop Protection Philippines Inc (CCPP) by infusion of amount up to $90,000 (approximately) in one or more tranches subject to regulatory approvals.
This infusion of $90,000 will lead to 100% shareholding in CCPP. Consequently, CCPP will become a wholly owned subsidiary of the Company. The acquisition is expected to be completed by March 31, 2025, subject to regulatory approvals.
Coromandel International is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain.