Crystal Crop Protection Limited has acquired 100% shareholding of FMC India Private Limited from FMC and its group entities for approximately ₹2,268 crore.
The transaction also involves the acquisition of FMC India’s commercial operations in the crop protection business in India, including a license to FMC’s brands sold in India.
Crystal will also receive preferred supply arrangements for certain FMC active ingredients and formulated products, along with preferred access to FMC’s pipeline of active ingredients in India for the crop protection field.
Shardul Amarchand Mangaldas & Co advised Crystal Crop Protection on this acquisition. The Firm advised on all aspects of the transaction, including advising on the transaction structure, drafting, reviewing and negotiating the share purchase agreement, intellectual property license agreement, innovation access agreement, supply agreements, transition services agreement, and other ancillary transaction documents.
The transaction team was led by Puja Sondhi (Partner) and Aayush Kapoor (Partner), with support from Sourav Nath (Principal Associate), Prerna Saroha (Senior Associate), Vaibhavi Shaunak (Senior Associate), Pratim Majumder (Senior Associate), and Rishika Arya (Associate).
The Direct Tax team comprised Gouri Puri (Partner), Rahul Yadav (Partner), and Nimish Malpani (Principal Associate).
The Indirect Tax team comprised Rajat Bose (Partner), Neeladri Chakrabarti (Consultant), and Vikram Singhal (Principal Associate).
The IP team comprised Apoorva Murali (Partner) and Anshika Chadha (Associate).
The Competition Law team comprised Rohan Arora (Partner), Ritesh Puri (Senior Associate), and Ojaswi Bhagat (Associate).
Khaitan & Co served as Indian legal counsel for FMC India on this transaction.
Davis Polk & Wardwell served as US legal counsel for FMC on this transaction.
This acquisition enhances Crystal’s capacity to provide advanced crop protection solutions in both chemical and biological fields, while also broadening Indian farmers' access to emerging technologies.
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