Deepak Fertilizers and Petrochemicals Corporation Limited — JV/Acquisition, 25-02-2025: Acquisition

Deepak Fertilisers has announced a board meeting regarding the conversion of 2,100 Compulsorily Convertible Debentures (CCDs) into 14,90,439 equity shares of its wholly-owned subsidiary, Mahadhan AgriTech Limited (MAL). The conversion involves a total consideration of ₹295.11 crores, effectively maintaining a 100% stake in MAL, which is engaged in the manufacturing of NPK and specialty fertilizers. This move aims to bolster MAL’s balance sheet, reinforcing its operational strength in the competitive crop nutrition sector, which posted a turnover of ₹4,159.21 crores for FY 2024.