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| Exchange Disseminated Time | United Phosphorus Ltd has informed BSE that the company, on behalf of itself and its subsidiaries, has entered into an agreement with Dow AgroScience LLC, USA, for purchase of right, title, interest, associated goodwill, trade marks, contracts, inventories, registrations, etc of Oryzalin Herbicide Business including Surflan herbicide and all Surflan based pre-mixes, throughout the world, except Switzerland and the European Union Countries.
Under the agreement, the company and its subsidiaries throughout the world can start selling Surflan immediately, except the countries mentioned above. This purchase will add to the product portfolio of the company to expand its market presence in the segment of citrus, fruit and nut trees and specialty crop markets.
The consideration paid for the purchase of the business including inventories is US $ 21.3 million |
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