Blackstone to buy up to 25% in NSL seeds
Private equity giant Blackstone is picking up around 20-25% stake in NSL Seeds for an estimated Rs 250-300 crore.
By ET Bureau |
NEW DELHI: Private equity giant Blackstone is picking up around 20-25% stake in NSL Seeds for estimated Rs 250-300 crore.
Privately-held NSL, which claims to be the largest hybrid seed company in India, is engaged in R&D, production and marketing of seeds. The actual investment size and exact equity stake being acquired by Blackstone stand undisclosed. But a person directly involved in the transaction told ET that the deal size is pegged at around Rs 250-300 crore, which would value the seeds company at around Rs 1,000-1,500 crore.
NSL has a strong presence in hybrid cotton seeds, besides other field crops such as corn, rice, sunflower, sorghum, pearl millet, and vegetable crops. It has a strong distribution network, with around 25 stocking depots, 1,000 distributors, 20,000 sub-dealers with a 350-person sales and marketing team.
In a press statement issued on Tuesday, NSL Group CMD Prabhakar Rao said, ���With its track record in adding value, global reach and proactive approach, Blackstone���s involvement will be very valuable in our journey from a privately-held company to a publicly-listed worldclass bio-agri franchise.���
Privately-held NSL, which claims to be the largest hybrid seed company in India, is engaged in R&D, production and marketing of seeds. The actual investment size and exact equity stake being acquired by Blackstone stand undisclosed. But a person directly involved in the transaction told ET that the deal size is pegged at around Rs 250-300 crore, which would value the seeds company at around Rs 1,000-1,500 crore.
NSL has a strong presence in hybrid cotton seeds, besides other field crops such as corn, rice, sunflower, sorghum, pearl millet, and vegetable crops. It has a strong distribution network, with around 25 stocking depots, 1,000 distributors, 20,000 sub-dealers with a 350-person sales and marketing team.
In a press statement issued on Tuesday, NSL Group CMD Prabhakar Rao said, ���With its track record in adding value, global reach and proactive approach, Blackstone���s involvement will be very valuable in our journey from a privately-held company to a publicly-listed worldclass bio-agri franchise.���
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