Excel Industries Ltd to acquire manufacturing unit of NetMatrix Crop Care Limited
Date:07-01-2019
At the meeting of the Board of Directors of Excel Industries Ltd held last Thursday, the Board has approved the acquisition of a chemical manufacturing unit of NetMatrix Crop Care Limited located at Plot no. 15 & 15A, APSEZ, Atchutapuram, Visakhapatnam, Andhra Pradesh 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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