The company supplies its products to 9 out of top 10 global tyre manufacturers and to all of the top 11 tyre, paint, footwear and cosmetics manufacturers in India
The valuation of the company was estimated to be up to $3 billion.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
Acquisition done for Rs 18.45 crore.
These products are in affordable pricing category.
Vedanta is the parent company of Hindustan Zinc.
Floor price for the offer-for-sale set at Rs 2,450 per share.
In conversation with Sheetal Agarwal of IIFL, management of this agritech company explains the company's business model, macro opportunity landscape and future plans.
Reliance Industries and its partner BP Exploration (Alpha) Ltd (BPEAL) are set to conduct an e-auction on April 3.
In conversation with Sheetal Agarwal of IIFL, management of the IPO-bound company discusses its future plans