CTPR technical is formulated into broadspectrum insecticides used across a wide range of crops for pest management. Natco estimates the current market size of CTPR containing products in India to be over ₹2,000 crore. The duration of the project would be 15 months from the date of receipt of LOA/ Work Order from MCL. The Board ofHatsun Agro Product approved an issue of equity shares by way of a rights issue for an amount not exceeding ₹400 crores. The board has approved the formation of a Committee of Directors for the Rights Issue and authorised it to decide the terms and conditions of the Rights Issue including, the rights entitlement ratio, the issue price, timing of the issue, record date and all other matters related and incidental to the Rights Issue in consultation with the lead manager to the Rights Issue.

Source: The Hindu September 20, 2022 07:20 UTC