Mobility paves Samsung’s silver path
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
New Delhi-headquartered Crystal Crop Protection, a firm backed by private equity firm Everstone Capital, has acquired three insecticide and fungicide brands from the Indian unit of Swiss-based agrochemicals and seeds major Syngenta AG.
The buys will further enhance the company’s product portfolio, especially across protection of pulses, cotton, rice, wheat, vegetable and grapes in India. The company has acquired Proclaim, Tilt and Blue Copper brands from Syngenta, which together have a market size of more than $20 million, sources close to the development told BusinessLine.
Crystal Crop Protection, an R&D-based agro-chemicals firm, had earlier diversified into seeds and agri-equipment businesses. Of late, the company has been on an acquisition spree.
This year, Crystal Crop Protection made four acquisitions including that of the Indian unit of Belgian chemicals firm Solvay SA. In January, the company acquired a speciality chemicals plant from Cytec India Specialty Chemicals & Materials, an Indian unit of Solvay SA.
The facility is based out of Butibori, Nagpur. Cytec Industries was acquired by Brussels-based Solvay, which has operations in 58 countries, in 2015 for $5.5 billion. Mumbai-based investment bank Singhi Advisors was the sole adviser to Solvay Group in the transaction. The company also acquired sorghum, pearl millet and fodder seeds business from Syngenta India and four brands - Furadan, Splendour, Affinity Force and Metcil - from FMC India.
Earlier in 2016, Crystal acquired Germany's BASF SE Bavistin brand, and in 2011 it acquired Hyderabad-based Rohini-Seeds and Rohini Bioseeds and Agritech. Prior that in April 2010, it acquired Syngenta’s seed business in India for an undisclosed sum. In July 2018, Crystal Crop Protection got SEBI approval to raise an estimated ₹1,000 crore through an Initial Public Offering (IPO) to raise an estimated ₹1,000 crore. The company, which had filed draft papers with Sebi in April, intends to use the proceeds towards repayment of loans, funding acquisitions, strategic initiatives and other general corporate purposes.
According to the company’s draft prospectus, the IPO comprises fresh issue of shares worth up to ₹545 crore and an offer for sale of up to ₹455 crore from promoter and existing shareholders, including Everstone Capital.
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts
Invest in relationships, enterprise, behaviour, effort and learning
From different types of osmoses to new membranes, researchers have come up with ways of drawing water
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
High valuation, intensely competitive landscape and small cap nature of the stock are key risks.
Amid choppiness, the benchmark indices slipped marginally; approach the week with caution
SBI Cards (₹1,032.7): Witnesses fresh breakoutBetween September and December last year, the stock of SBI Cards ...
That weekend came the news that Champa’s elder daughter was engaged, the proof arriving in the form of Jaimini ...
“Amma,” Divya yelled from the bathroom. “There’s something in my teeth.”Balakrishnan and Veena froze and ...
What makes the new crop of young Indian cricketers such game-changing winners? Over and above their talent, ...
For their dead, Parsis practise a 3,000-year-old system where corpses are excarnated in the Tower of Silence, ...
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Paneer, once alien to the South, has found a lucrative market in Chennai
Social media influencers are flipping the rules by first getting followers and then launching products and ...
The Flipkart kids playing adults are back — this time to push the home grown e-commerce marketplace’s grocery ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor