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Mergers & Acquisitions | 24 April 2012

Rallis India Acquires 51% In Zero Waste Agro

by Charmi Gutka
Rallis India Acquires 51% In Zero Waste Agro
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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.

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