An existing promoter agreed to acquire a 1.16% stake in Excel Industries Ltd. (BSE:500650) from Excel Crop Care Ltd. (BSE:532511) for INR 40.5 million on June 1, 2016. The sale involved 0.14 million equity shares was approved by the Audit Committee and the Board of Directors of Excel Crop Care at a meeting held on June 1, 2016.

An existing promoter completed the acquisition of 1.16% stake in Excel Industries Ltd. (BSE:500650) from Excel Crop Care Ltd. (BSE:532511) on June 3, 2016.