 "ITC acquires Technico Agri Sciences for Rs 121 crore")
The acquisition, as per a BSE filing by ITC, is expected to “improve business and operational synergies”.
The acquired company, which is into production and sales of a registered category and field generated seed potatoes, has been revenue positive for the past three fiscal years. In 2012-13, TASL's turnover stood at Rs 64.89 crore which climbed to Rs 73.94 crore in 2013-14 and further rocketed to Rs 105.54 crore in 2014-15.
The value of the acquisition is the same as TASL's net worth.
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