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Coromandel to buy majority in Liberty Phosphate for up to $53M

BY  TEAM VCC
In 2011, the Murugappa Group flagship had also acquired Sabero Organics in a similar deal.

Fertiliser producer Coromandel International Ltd is acquiring almost the entire stake held by promoters of Liberty Phosphate besides two other private group firms for around Rs 284 crore ($53 million).

The stake purchase from the promoters of Liberty,...

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