Excel Industries Limited updates on acquisition of Business Undertaking of NetMatrix Crop Care Limited
Sep. 4, 2019
At the meeting of the Board of Directors of Excel Industries Ltd held on Jun.27th, 2019, the Board had approved the acquisition as a going concern by way of slump sale.
The Business Undertaking is a chemical manufacturing unit in APSEZ, having the manufacturing plant for a pesticide intermediate.
The cost of acquisition is Rs. 95 crores (subject to working capital adjustments on Closing Date).
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