Mohanty is currently serving as the MD and CEO of LIC Housing Finance.
Sale done at an average price of Rs 686.07 per share.
Sale to be made through Swiss challenge bidding.
Members of the promoter family to pursue independent interests after selling their stake.
AAA rating has been maintained on debt worth Rs 500 crore; A1 + rating has been maintained on another Rs 4,500 crore of debt.
Domestic fertiliser production increased to 39.14 lakh tonnes in January this year.
The strategic collaboration aims to provide premium products and solutions to Indian farmers.
The MoU aims to leverage BEL and ADA's complementary strengths and capabilities.
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