Acquisitions24 Oct 2024, 10:24 pm
Coromandel International Acquires 100% Stake in Coromandel Crop Protection Philippines Inc. for up to USD 90,000
AI Summary
Coromandel International Limited, a leading Indian fertilizer company, has announced its decision to further acquire additional 6.67% equity shares in Coromandel Crop Protection Philippines Inc. (CCPP). This infusion of USD 90,000 will lead to 100% shareholding in CCPP, making it a wholly owned subsidiary of the company. The acquisition is expected to be completed by March 31, 2025, subject to regulatory approvals.
Key Highlights
- Coromandel International to acquire 100% stake in Coromandel Crop Protection Philippines Inc.
- The acquisition will be made through an infusion of up to USD 90,000.
- CCPP is engaged in the marketing, trading, on a wholesale basis of agricultural farm supplies and equipment.
- The acquisition is expected to be completed by March 31, 2025, subject to regulatory approvals.
- CCPP was incorporated on August 3, 2007, and its primary purpose is to engage in marketing and trading of agricultural farm supplies and equipment.