@Rallis Limited has acquired 51% stake in Maharashtra-based @Zero_Waste Private Limited for R29Cr.
The acquisition is an all cash deal funded through internal accruals.
With this deal, Rallis has strengthened its product portfolio with organic manure and soil conditioner products and have exclusive sales and marketing arrangements with ZWAOPL for domestic and international markets.
Zero Waste Agro Organics is organic manure and soil conditioners manufacturing company with three manufacturing facilities in Maharashtra and one in Uttar Pradesh.
Murugappa Group owned Coromandel International may acquire UB Group's 30.4% stake in Mangalore Chemicals and Fertilisers Ltd. UB Group's stake is the fertilizer unit is expected to be worth about R150Cr.
Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.
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