Coromandel International acquires full stake in Liberty Urvarak

NEW DELHI: Fertiliser major CoromandelInternational Ltd (CIL) today said it has fully acquired Liberty Urvarak by buying 14.89 per cent stake in the latter. 

In a filing to the 
BSE, the company said that with this acquisition of shares, Liberty Urvarak Ltd (LUL) has become its wholly-owned subsidiary. 

"The Company had on March 28, 2013 acquired 4,46,192 equity 
sharesrepresenting 14.89 per cent of the equity capital of LUL. With this Coromandel had acquired 100% equity shares of LUL," the company said. 

The shares of the company rose by 2.65 per cent to settle at Rs 191.50 on the BSE.