Acquisitions29 Sept 2025, 08:31 pm
Zuari Agro Chemicals Completes Business Transfer to MCFL for INR 72.75 Crores
AI Summary
Zuari Agro Chemicals Ltd has completed the transfer of its Business to MCFL, as a going concern on a slump sale, effective 30 September, 2025. This transfer includes the granulated single super phosphate plant situated at Mahad, Maharashtra and certain related assets for a lump sum consideration of INR 72,75,00,000. MCFL will be responsible for the operation of the Business from 01 October 2025. This development is in line with the approved Business Transfer Agreement and the shareholders’ approval dated 23 September, 2025.
Key Highlights
- Zuari Agro Chemicals Ltd has completed the transfer of its Business to MCFL for INR 72.75 Crores
- The transfer includes the granulated single super phosphate plant situated at Mahad, Maharashtra and certain related assets
- MCFL will be responsible for the operation of the Business from 01 October 2025
- This development is in line with the approved Business Transfer Agreement
- The transfer is approved by the shareholders dated 23 September, 2025