It will help increase investor confidence in India’s agrochemicals sector.
UK based Resonance Opportunities Fund has picked up a stake in Best Agrolife Ltd recently. The Fund has bought 112,000 shares of the company from the open market at Rs 610.35 per share. This will help increase investor confidence in India’s agrochemicals sector.
The company had recently announced that they are the first agrochemical company in India to have been granted license/registration for manufacturing DIRON (DINOTEFURAN 20% SG), a super systematic insecticide with quick uptake and knock-down, that controls a broad spectrum of previous and invasive pests. With two formulations and quick action through contact and ingestion, the insecticide has proved to be robust in pest control management.
Best Agrolife is among the top 20 agrochemical companies in India with a growing presence in the international market. Its product portfolio comprises of more than 60 active ingredients and various formulations of pesticides and plant micro-nutrients for protecting and nourishing a wide range of crops. Its product range includes insecticides, herbicides, fungicides, plant growth regulators etc.
It sells under the brand name ’Best’. The company has four strategically located manufacturing plants, two in Uttar Pradesh and two in J&K. These plants are well equipped with state-of-art indigenous infrastructure for the production of high quality agrochemicals.
