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United Phosphorus acquires 51% in Brazil’s DVA Agro

United Phosphorus’ appetite for acquisitions shows no signs of abating. The company has acquired a 51% stake in DVA Agro do Brazil (DVA Agro Brazil), an agrochemicals company. DVA Agro Brazil is the Brazilian operation of DVA Agro, which in turn houses the agrochemicals business of DVA International, a Germany-based diversified company with operations in steel, plastics, and health & nutrition. Continue Reading →

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Tata group to hike stake in Rallis India to over 50%

In recent months, Tata Chemicals had consolidated its stake in Rallis India by buying out stakes held by other Tata group companies like Tata Tea. Its stake in the company now is about 45% but it plans to increase it further beyond the 50% mark. Rallis India has announced a preferential allotment in which Tata Chemicals will buy 9.8 lakh shares in Rallis, spending about Rs 80-85 crore, the final figure depending on the price at which the shares are issued. The total group stake in Rallis India after the preferential allotment will be 50.2%.

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