Acquisitions20 Mar 2026, 06:17 pm
Kiri Industries to Invest Rs. 70 Crore in IndoAsia Agrotech Fertilizers Limited, Acquiring 99.93% Stake
AI Summary
Kiri Industries Ltd. has announced its intention to invest Rs. 70,00,00,000 in IndoAsia Agrotech Fertilizers Limited (IAFL). The investment will be made by subscribing to 7,00,00,000 equity shares of IAFL, which will result in IAFL becoming a subsidiary of Kiri Industries. The investment is a related party transaction, with Manish Kiri and Mrs. Anupama Kiri, Directors of Kiri Industries, being Directors in IAFL. The investment is intended to facilitate IAFL in setting up a manufacturing facility for fertilizers.
Key Highlights
- Kiri Industries to invest Rs. 70 crore in IndoAsia Agrotech Fertilizers Limited
- Investment will result in Kiri Industries holding 99.93% equity stake in IAFL
- IAFL is an unlisted public company incorporated in 2024, currently setting up a fertilizer manufacturing facility
- Manish Kiri and Mrs. Anupama Kiri, Directors of Kiri Industries, are Directors in IAFL
- Investment intended to facilitate IAFL's manufacturing facility setup