Rallis India, a subsidiary of Tata Chemicals has acquired 51 percent stake in Maharashtra – based Zero Waste Agro Organics for Rs. 29 crore ($5.7 million)..Rajani Associates advised Zero Waste Agro Organics with a team led by Partners Prem Rajani and Purvi Kapadia..Dudhat Pereira & Associates advised Rallis India with a team led by Radhika Pereira..According to VCCircle, Zero waste focuses on organic NPK fertiliser with humified-based manufacturing as its core business. Zero Waste has operations throughout Maharashtra and Karnataka, including around half a dozen manufacturing plants, besides multiple distribution centres and channels, to market its products..For Rallis, this is the second all-cash deal funded through internal accruals in a little over one year. Earlier, Rallis picked up 53.5 in Bangalore-based seed company Metahelix Life Sciences for Rs 99.5 crore..Rallis and Zero Waste are planning to launch GeoGreen, a special type of manure produced with bagasse purchased from sugar mills and proprietary technology. Each plant can produce about 15,000 units of this manure which will improve productivity by 8-15 percent, reports Dealcurry.
Rallis India, a subsidiary of Tata Chemicals has acquired 51 percent stake in Maharashtra – based Zero Waste Agro Organics for Rs. 29 crore ($5.7 million)..Rajani Associates advised Zero Waste Agro Organics with a team led by Partners Prem Rajani and Purvi Kapadia..Dudhat Pereira & Associates advised Rallis India with a team led by Radhika Pereira..According to VCCircle, Zero waste focuses on organic NPK fertiliser with humified-based manufacturing as its core business. Zero Waste has operations throughout Maharashtra and Karnataka, including around half a dozen manufacturing plants, besides multiple distribution centres and channels, to market its products..For Rallis, this is the second all-cash deal funded through internal accruals in a little over one year. Earlier, Rallis picked up 53.5 in Bangalore-based seed company Metahelix Life Sciences for Rs 99.5 crore..Rallis and Zero Waste are planning to launch GeoGreen, a special type of manure produced with bagasse purchased from sugar mills and proprietary technology. Each plant can produce about 15,000 units of this manure which will improve productivity by 8-15 percent, reports Dealcurry.
