Kemistar Corporation acquires stake in AGR-EH TECHNOLOGIES PVT LTD

Kemistar Corporation Ltd has has acquired stake in m/s. AGR-EH TECHNOLOGIES PVT LTD. The stake will be more than 50% of shareholding of target company thus target company will become subsidiary of the parent company. The present management of the parent company will play active role in the new management of the subsidiary company.

The subsidiary Company is in the field of chemical specially agro chemical business which is a fast growing sector in India and worldwide due to revolution in agriculture field. The subsidiary company have more than 84 licenses of pesticides molecules and state of the art mfg. facility with well trained and experienced staff.

The 84 license itself is a big asset of the company as it is very difficult to get licenses from the concern authorities in India due to stringent regulation. This molecule will put the company a competitive advantage over its competitors. The Company has wide scope of development with experience of present management.

The business of subsidiary company will put the organization in a step ahead position in the market. This acquisition will be very beneficial to the company and its share holder due to wealth creation of the company.

Source : Equity Bulls

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