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Excel Industries Limited updates on acquisition of Business Undertaking of NetMatrix Crop Care Limited
Sep. 4, 2019
Excel Industries Limited
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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).
Source: Equity Bulls
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