Page 3 - Agrochemicals

India Pesticides' Rs 800-cr initial public offering to open on Jun 23

Agrochemical company India Pesticides on Friday said it has fixed a price band of Rs 290-296 a share for its Rs 800-crore initial share sale. The three-day initial public offer (IPO) will open on June 23 and conclude on June 25. The bidding for anchor investors will open on June 22, according to the company. The Rs 800-crore IPO comprises fresh issuance of equity shares amounting to Rs 100 crore and an offer of sale for equity shares aggregating up to Rs 281.4 crore by promoter Anand Swarup Agarwal and up to Rs 418.6 crore by other selling shareholders. The Uttar Pradesh-based company may decide to undertake a pre-IPO placement of Rs 75 crore subject to consultation of the merchant bankers. Proceeds of the fresh issue would be used towards funding the working capital requirements and general corporate purposes. India Pesticides is an R&D focused agrochemical technical company, which has growing formulations business in herbicides, insecticides and fungicide segments. It also ...

All-round show fueling rally in BASF India, stock up 40% so far in CY2021

Healthy demand, focus on cost optimisation and expansion plans drive optimism

UPL makes the right moves with mega debt retirement plan

Healthy fundamentals and expectation of a strong second half of 2020-21 cheer investors

Agrochemicals firm UPL completes pre-payment of $410 million senior notes

Agrochemicals manufacturer UPL has completed the pre-payment of $410 million of 3.25 per cent senior notes due in October 2021

Govt asks agro-chemicals industry to come out with new molecules

The govt asked the agro-chemicals industry to come out with new molecules of global standards for farmers' benefit, while an industry body pitched for stable policy, regulations to boost the sector

Govt explores tax sops, import curbs to make agrochem sector self-reliant

Sources in the know said the Centre was also looking at increasing Customs duty on formulations, agrochemicals, and pesticides falling under different Harmonized System of Nomenclature codes

Agri stocks rally; Bayer Crop, Dhanuka Agritech hit all-time highs

In the past one month, Dhanuka Agritech, Sharda Cropchem, Aster Lifesciences, Bayer Cropscience, Insecticides India, Rallis India and UPL have rallied between 11 per cent and 44 per cent

UPL plans to raise about $500 million via bonds as economy is opened up

Moody's assigns Baa3 rating, says outlook stable for agrochemical company.

Illogical ban

Govt should review its proposal on agro-chem products

Agrochemical stocks rally; Bayer Crop hits new high, Dhanuka Agri soars 17%

UPL, Rallis India and Sumitomo Chemical India were up 5 per cent each on the BSE.

UPL, Coromandel Intl, Rallis India: Fresh overhang for agrochem majors

Analysts say, chemicals being considered for ban form significant part of the portfolio, both exports and domestic sales, of many players

Fresh worries for agrochemical majors as govt mulls ban on 27 chemicals

Net impact would depend on final list of chemicals to be banned and companies' move to diversify portfolio

Agrochem firms on recovery path

CRISIL says India will continue to see more of licensing collaborations and distribution tie-ups

Indian agrochemicals market to reach $ 6.3 billion by FY20: Report

With several products going off-patent globally, Indian firms can leverage opportunities for generics, contract manufacturing & research, says a report of Tata Strategic Management and FICCI

Rallis India's arm Metahelix forms JV in Indonesia for seeds business

While Metahelix will hold 49 percent stake in the JV firm PT Metahelix Lifesciences Indonesia, the remaining will be with its local partner, Suresh Gobindram Vaswani

Agrochemicals shares in focus; Monsanto India surges over 30% in two days

Monsanto India, Atul, Sharda Cropchem, Rallis India and Bayer CropScience were up 3%-18% on the BSE.