Dhanuka Agritech Limited — Updates, 25-11-2024: Press Release

Dhanuka Agritech Limited has signed a strategic agreement with Bayer AG to acquire international rights to the active ingredients Iprovalicarb and Triadimenol. This move aims to bolster Dhanuka's global presence across over 20 countries, including regions in LATAM, EMEA, and Asia, enhancing its market footprint. The agreement includes rights for manufacturing and selling these products, alongside the established brand Melody and its sub-brands. Dhanuka plans to transition production, leveraging its facility in Dahej, Gujarat, which should enhance operational efficiency. Iprovalicarb, a fungicide targeting disease management in horticulture, and Triadimenol, used in seed treatment, will contribute significantly to both revenue growth and market competitiveness. This acquisition underscores Dhanuka’s commitment to strategic expansion and delivering quality agricultural solutions worldwide, poised to create value for growers globally.