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.