Agro Phos India to Sell Stake in Associate Shri Tulsi Phosphate Limited
Agro Phos India Limited has announced its decision to dispose of its shareholdings in Shri Tulsi Phosphate Limited. This divestment will result in Agro Phos India's shareholding in Shri Tulsi Phosphat...
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Why is Agro Phos India Limited in the news today?
Agro Phos India Limited (AGROPHOS) is in the news due to the company is divesting its stake in an associate company, which is a corporate action. while the transaction is at arm's length, it does not immediately present a significant positive or negative financial impact from the announcement itself.
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Agro Phos India to Sell Stake in Associate Shri Tulsi Phosphate Limited
December 31, 2025, 12:57 PM
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More Details on This News
Agro Phos India Limited has announced its decision to dispose of its shareholdings in Shri Tulsi Phosphate Limited. This divestment will result in Agro Phos India's shareholding in Shri Tulsi Phosphate Limited decreasing from 27.49% to 19.51%.
Consequently, Shri Tulsi Phosphate Limited will cease to be an associate of Agro Phos India Limited. The transaction involves the sale of 5,20,000 equity shares at a price of ₹14.70 per share, based on a valuation report. The total consideration for this sale amounts to ₹76,44,000 (Rupees Seventy-Six Lacs Forty Four Thousand Only).
The buyer of these shares is Mr. Raj Kumar Gupta, who is a promoter of Agro Phos India Limited. The company has confirmed that this transaction is conducted at arm's length. The net worth of Shri Tulsi Phosphate Limited as of March 31, 2025, was ₹249.11 lacs, with a reported loss of ₹21.82 lacs.
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