IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Seeds and traits

Rallis India Acquires Majority Stake in Seeds Research Firm

11:52 PM MST | December 31, 2010 | Deepti Ramesh

Agchem firm Rallis India (Mumbai), a subsidiary of Tata Chemicals (Mumbai), has informed the Bombay Stock Exchange (Mumbai) that it has completed the acquisition of a majority stake in seeds research company Metahelix Life Sciences (Bangalore, India). Following the completion of the acquisition of 53.5% stake in Metahelix, which has a portfolio of seeds commercialized over the last three years, Rallis has become the holding company of Metahelix. Rallis acquired the stake for about Rs1 billion ($22 million). According to the terms of the definitive agreements...

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