Deepak Fertilizers and Petrochemicals Corporation Limited — JV/Acquisition, 29-04-2025: Acquisition

Deepak Fertilisers has acquired 20,20,202 equity shares of its wholly-owned subsidiary Mahadhan AgriTech Limited (MAL) for ₹400 Cr, preserving its 100% ownership. This strategic move enhances MAL's balance sheet and fortifies its presence in the NPK and specialty fertilizer sector, which generated a turnover of ₹4,159.21 Cr. The acquisition aligns with Deepak Fertilisers' goal to strengthen its crop nutrition business and possibly expand its market footprint in India. Expect improved financial health for MAL following this capital infusion.