Agrochemical firm Crystal Crop Protection on Monday said it has acquired Bengaluru-based I&B Seeds as it seeks to strengthen its position in India's vegetable and flower-seed segment.
"The deal has been fully executed with shares purchased from two major shareholders. The share transfer was completed last week on the day of Diwali," Crystal Crop Protection Managing Director Ankur Aggarwal told PTI.
The company, however, did not disclose the deal amount.The acquisition was funded through internal accruals and marks Crystal Crop's fifth purchase in the seeds business and twelfth overall.
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