# Best Agrolife acquires 99% stake in Kashmir Chemicals

Best Agrolife Ltd. acquired a 99% stake in Kashmir Chemicals, a pesticide formulation manufacturer in Samba, Jammu and Kashmir. The deal was formalized on October 20, 2023, retroactively effective from September 16, 2023, and is expected to add approximately Rs. 350 crores to BAL's overall returns.

- Type: Acquisition
- Announced: 2023-10-20
- Where: Samba, Jammu and Kashmir, India
- Status: completed
- Products: pesticide formulations, Emulsified Concentrates, Wettable Powders, Granules
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Best Agrolife Ltd](https://endata.com/companies/74099.md) (acquirer)
- [Kashmir Chemicals](https://endata.com/companies/74100.md) (target)

## Sources

- [fashionvaluechain.com](https://fashionvaluechain.com/best-agrolife-acquires-99-stake-in-kashmir-chemicals-becomes-major-partner/), 2023-11-30: "This strategic move is expected to significantly contribute to BALs expansion of formulation manufacturing capacity, resulting in an approximate addition of Rs. 350 crores to its overall returns."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.