Corporate News     01-Sep-23
Sumitomo Chemical India to acquire 85% stake in Barrix Agro Sciences
Sumitomo Chemical India has executed definitive agreements for acquiring 85% equity shares and controlling stake (on fully diluted basis) in Barrix Agro Sciences, a Bangaluru based company engaged in the business of developing and providing to farmers pheromone traps and chromatic sheets. It is also engaged in the business of bio-products and micronutrients. The cost of acquisition is Rs 85 crore.

The acquisition is in alignment to the company's strategy to build more sustainable portfolio of green chemistries and offer integrated pest management and integrated plant nutrition management products and solutions to farmers.

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