KS Oils has entered into joint venture in Malaysia with a stake of 49% for the purpose of investments / acquisitions of palm plantations / manufacture of crude palm oil.
This joint venture would enable the company’s long term objective of backward integration and to secure raw materials sourcing for its crude palm oil requirement from South East Asia. The joint venture company is also in the process of acquiring its first plantation in Malaysia for a negotiated consideration up to 11.50 Malaysian ringitt.
Punjab Chemicals and Crop Protection is in the final round of negotiations to acquire a 30% stake in PSD Chemicals, a privately-held firm in the US. Reportedly, the total deal size could be around Rs 100 crore.
The acquisition will give the company an access into the North America’s $7 billion agrochemicals market, which is largest in the world.