Sumitomo Chemical India Limited acquired an unknown minority stake in Barrix Agro Sciences Pvt. Ltd.
Sumitomo Chemical India Limited (NSEI:SUMICHEM) completed the acquisition of an unknown minority stake in Barrix Agro Sciences Pvt. Ltd. on December 15, 2023. Sumitomo Chemical acquired a total of 85% stake in Barrix through a combination of primary investment (subscribing to new equity shares to issued by Barrix) and secondary stake purchase (transfer of shares from existing shareholders) for a total consideration of INR 782.01 million.