Business Standard

Coromandel Intl falls 10% on profit-taking post gaining 17% in 1 month

Analyst believe the company should benefit from debottlenecking of the phosphoric acid plant as well as from an increased share of newly-launched, high margin, crop-protection products in FY23.

farmers, agriculture
Premium

SI Reporter Mumbai
Shares of Coromandel International dipped 10 per cent to Rs 875.95 on the BSE in Wednesday’s trade on profit booking after the  board approved voluntary liquidation of its wholly-owned subsidiary Sabero Europe B.V.

The board on May 25, 2022, approved voluntary liquidation of Sabero Europe B.V., a wholly-owned subsidiary of the company in the Netherlands, as per the applicable laws of the Netherlands. The said subsidiary is not a material subsidiary of the company, Coromandel said in an exchange filing.

Sabero Europe B.V., which is the wholly-owned subsidiary of the company in the Netherlands, has not been carrying

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 25 2022 | 2:46 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com