Radha Madhav Corporation Limited (BSE:532692) agreed to acquire 90% stake in Phytoatomy Private Limited for INR 5.7 million on November 4, 2023. The consideration of INR 5.7 million includes INR 0.7 million as Equity and Line of Credit upto 5 million as Debt. As of FY 2022-23, Phytoatomy Private Limited reported turnover of INR 43.6 million.

The deal has been approved by board of directors of Radha Madhav Corporation Limited. The deal is expected to be completed within 2-3 months.