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The Indian agrochemicals sector is witnessing a resurgence after experiencing a subdued performance during the Covid-19 pandemic, embarking on a trajectory of robust growth. As of 2024, the domestic agrochemicals market stands at an estimated.
The acquisition will enable BAL to leverage SFCL s proficiency in developing cost-effective and distinctive manufacturing routes for off-patent molecules, it said. "This acquisition involves obtaining a 100 per cent stake through cash consideration, with an estimated enterprise value of Rs 139 crores based on the valuation," the Delhi-based BAL said in a statement.
The acquisition will enable BAL to leverage SFCL s proficiency in developing cost-effective and distinctive manufacturing routes for off-patent molecules, it said.