Rallis India Limited has acquired 51% stake in Maharashtra-based Zero Waste Agro Organics 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.
Online retailer Lenskart Solutions Pvt. Ltd, has received Rs.400 crore fund in a Series D round from World Bank arm International Finance Corporation, Ratan Tata and Infosys co-founder Kris Gopalakrisnan. Lenskart deals in eyeglasses, contact lenses, sunglasses and eye wear accessories.