German specialty chemicals maker Lanxess agreed to acquire International Flavors & Fragrances’ (IFF) microbial control unit for $1.3 billion, in a move to capitalise on buoyant demand for disinfectants and surface...
CCI permits Zuari Agro Chemicals plant’s acquisition by Paradeep Phosphates
Fairtrade regulator CCI on Friday gave a go-ahead to the acquisition of Zuari Agro Chemicals Ltd’s Zuarinagar plant by Paradeep Phosphates. As per a combination notice filed with the regulator, as a result of the...
Safex Chemicals acquires Mumbai-based Shogun Organics
Safex Chemicals India Ltd on Wednesday announced the acquisition of Mumbai-based chemical maker Shogun Organics for an undisclosed amount. The acquisition will provide Safex with a platform to backward integrate the...
Bayer to kick off sale of $2.4 billion pest control unit this summer – sources
German chemicals group Bayer is preparing to kick off the sale of pest control unit Bayer Environmental Science (BES) this summer with a price tag potentially topping 2 billion euros ($2.4 billion), people close to the...
ChrysCapital Buys Minority Stake In Safex Chemicals India for Rs 364 crore
Mauritius based PE firm ChrysCapital has bought a minority stake in agrochemical company Safex Chemicals India for Rs 364 crore. The transaction involved a combination of secondary sale by an existing PE investor...
Swiss chemical company Clariant AG forms JV with India Glycols
Swiss chemicals major Clariant AG has formed a 51:49 joint venture with Bhartia family-promoted India Glycols to manufacture and market renewable ethylene oxide (EO) derivative products. EO derivatives are a class of...
UPL to refinance Arysta M&A debt with $500 million green loans
Taking advantage of global capital pouring billions into companies that care about climate change, environment, social and governance (ESG), UPL is raising $500 million in debt financing, the first Indian company to...
Govt to divest 20% in National Fertilizers Limited
The government will sell 20% of its shareholding in National Fertilizers Limited through an offer for sale for which it has sought bids from merchant bankers and legal advisers. “The GoI intends to disinvest 20%...
Competition Commission approves Indo Gulf Fertilizers-Indorama deal
Competition Commission of India (CCI) on Thursday said it has cleared the proposed acquisition of Indo Gulf Fertilizers by Indorama India Private Ltd. Indo Gulf Fertilizers is a part of Grasim Industries Ltd. Indorama...
Smartchem Technologies announces partnership with AgroStar for home delivery of fertilisers
Smartchem Technologies Limited, a 100% subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited announced its partnership with AgroStar, an agri-input e-commerce platform for doorstep delivery of...
Centre plans to offload 10% stake in Rashtriya Chemical and Fertilizers
The government is planning to sell 10 per cent stake in Rashtriya Chemical and Fertilizers Ltd (RCFL) and invited bids from merchant banker and legal firms for managing the share sale process. Interested merchant...
Japan’s Mitsui, Nippon Soda acquire 56% stake in Bharat Insecticides
Japanese companies Mitsui and Nippon Soda have acquired 56 per cent stake in agrochemical firm Bharat Insecticides Ltd (BIL). As a result of this deal, BIL has become a group company of Mitsui & Co Ltd...