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  1. Excel Crop Care announces merger with Sumitomo Chemical India

Excel Crop Care announces merger with Sumitomo Chemical India

Crop protection chemicals manufacturer Excel Crop Care on Thursday announced its merger with Sumitomo Chemical India.

By: | Mumbai | Published: August 3, 2018 2:31 AM
SCC Japan and Sumitomo Chemical India own 44.98% and 19.98% in Excel, respectively.

Crop protection chemicals manufacturer Excel Crop Care on Thursday announced its merger with Sumitomo Chemical India, a wholly-owned subsidiary of Sumitomo Chemical Co, Japan. SCC Japan and Sumitomo Chemical India own 44.98% and 19.98% in Excel, respectively.

Excel’s shareholders, other than Sumitomo Chemical India, will receive 51 fully paid-up equity shares of Sumitomo Chemical India of face value of Rs 10 each for every two fully paid-up equity shares of face value of Rs 5 each held in Excel.

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