Excel Crop Care announces merger with Sumitomo Chemical India

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Mumbai | Published: August 3, 2018 2:31:23 AM

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

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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