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Zuari Agrochemicals approves sale of fertilizer plant at Goa, associated businesses to Paradeep Phosphates for $280 mn EV

Zuari Agrochemicals approves sale of fertilizer plant at Goa, associated businesses to Paradeep Phosphates for $280 mn EV Updated: Updated: Share Article AAA The Board of Directors of Zuari Agrochemicals Ltd. (ZACL), at its meeting held on Tuesday, approved the sale of its fertilizer plant at Goa and the associated businesses by way of a slump sale to Paradeep Phosphates Ltd. (PPL) for a lump sum consideration (Enterprise Value) of $280 million. The Goa plant of ZACL is engaged in the manufacture, distribution, imports and sale of Urea, DAP and various grades of NPK fertilizers under the ‘Jai kisaan’ brand, with a total installed capacity of 1.2 million MT per annum.

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