After the acquisition, Rallis India's stake will increase to 100 per cent in Zero Waste Agro-Organics Ltd (ZWAOL), which manufactures organic compost.
In a filing to the BSE, Rallis India informed that the company has "signed an agreement for increasing its stake in its subsidiary Zero Waste Agro - Organics Ltd from 73.63 per cent to 100 per cent."
"Consequently, ZWAOL will become a wholly owned subsidiary of the company, on completion of the acquisition of the balance shares in ZWAOL," it added.
The company's revenue from operations stood at Rs 11.45 crore in last fiscal.
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