Advanta India acquires Unicorn's vegetable seed business

Mumbai, Jan 5: Advanta India has added the vegetables seed business of Hyderabad-based Unicorn to its vegetable portfolio.

Speaking to reporters, Advanta CEO V R Kaundinya said, ''We hope to leverage the strong brand equity of Unicorn, excellent breeding programmes and outstanding production capabilities to create leadership position for ourselves in this market segment.'' With this acquisition, Advanta has added products like tomatoes, melons and cucumber to its 'Golden' portfolio of vegetables.

Unicorn has research and development facilities in Bangalore and Hyderabad, while its production activities are concentrated in Karnataka.

The Company earned approximately Rs 25 crore in the last fiscal, a release stated.

UNI