Kie Crop Solutions Private Limited agreed to acquire Agro Formulation Brand Business from Sudarshan Chemical Industries Limited (BSE:506655) for INR 70 million on June 27, 2018. As part of the transaction, INR 130 million is to be paid as royalty to be paid over a period of 4 years for the use of the name "Sudarshan" as part of the corporate name of KIE Crop Solutions Private Limited. Kie Crop Solutions Private Limited signed a business transfer agreement to acquire Agro Formulation Brand Business from Sudarshan Chemical Industries Limited for INR 70 million on July 16, 2018. Agro Formulation Brand Business of Sudarshan Chemical Industries Limited reported a turnover of approximately INR 340 million for year ended March 31, 2018. Transaction is approved by the board of directors of Sudarshan Chemical Industries Limited. The transaction is expected to complete on August 31, 2018. Kie Crop Solutions Private Limited cancelled the acquisition of Agro Formulation Brand Business from Sudarshan Chemical Industries Limited (BSE:506655) on June 27, 2019.