Acquisitions8 Aug 2025, 12:38 pm
Mangalore Chemicals & Fertilizers to Acquire Single Super Phosphate Plant from Zuari Agro Chemicals for INR 72.75 Crores
AI Summary
Mangalore Chemicals & Fertilizers Ltd (MCFL) announced that its Board of Directors has approved the acquisition of a granulated single super phosphate plant along with certain related assets situated in Mahad, Maharashtra, and the related business from Zuari Agro Chemicals Ltd (ZACL) for a lump sum consideration of INR 72,75,00,000. The acquisition is expected to boost the turnover and margins of MCFL by enlarging its product basket. The acquisition is at arm's length, and necessary governmental and regulatory approvals are awaited. The acquisition is expected to be completed within three months.
Key Highlights
- MCFL to acquire Single Super Phosphate (SSP) fertiliser business from ZACL.
- The acquisition consideration is INR 72,75,00,000.
- The acquisition is expected to boost turnover and margins of MCFL.
- The acquisition is at arm's length.
- The acquisition is subject to necessary governmental and regulatory approvals.