Investment of Rs 375 crore to be made by Kotak arm in Cropnosys, an agrochemical firm

8 Dec 2023 , 12:05 PM

An affiliate of Kotak Mahindra Bank said on Thursday that it would invest Rs 375 crore in Cropnosys to support the growth of the agrochem company.

According to a statement, the company plans to enhance its product suite and expand its manufacturing capabilities by utilizing the Kotak Strategic Situations Fund. The statement stated that Cropnosys has established a niche for itself due to its cost competitiveness and excellence in the agrochem industry. It also has long-standing ties with major agrochemical formulators. Cropnosys specializes in high-value technological niches.

Partner Rahul Shah of KSSF stated that the collaboration will support Cropnosys during its next stage of expansion. 

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