For purpose of debt reduction
EID Parry (India) has sold today 58,50,000 equity shares (Fifty Eight Lakhs and Fifty Thousand Shares) of Rs.1 each/- held in Coromandel International (Coromandel) in the open market at a price of Rs. 629.1910 per share. Post the above mentioned sale, the Company holds 17,13,05,580 shares of Rs.1/- each representing 58.48% of the paid-up capital of Coromandel.The proceeds of sale will be used to bring down the debt of the company.
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