Acquisitions19 May 2025, 03:39 pm
Kaveri Seed Company Acquires Remaining 30% Stake in Subsidiary Aditya Agri Tech
AI Summary
Kaveri Seed Company Ltd has approved the acquisition of the remaining 30% equity shares of Aditya Agri Tech Private Limited. This strategic acquisition will make Aditya Agri Tech a 100% wholly owned subsidiary of Kaveri Seed Company Limited, enhancing operational synergies and expanding market reach. The total consideration for the acquisition is Rs. 23,59,50,000/-.
Key Highlights
- Kaveri Seed Company Ltd to acquire remaining 30% stake in Aditya Agri Tech Private Limited
- Aditya Agri Tech to become 100% wholly owned subsidiary of Kaveri Seed Company Limited
- Acquisition aimed at enhancing operational synergies and expanding market reach
- Total consideration for the acquisition is Rs. 23,59,50,000/-
- Transaction to be completed within 12 months from the date of Board approval