FMC Corporation has agreed to sell FMC India Private Limited to Crystal Crop Protection Limited for $252 million (Rs. 2,375 Cr ). The deal, announced on May 7, 2026, is part of FMC's strategic shift to a new go-to-market model in India while focusing resources on high-growth global opportunities.

FMC will retain all cash generated by the Indian operations until the deal closes, largely driven by working capital monetization.

In July 2025, FMC announced its decision to divest the company’s crop protection commercial business in India, enabling FMC to participate in the Indian market through a new go-to-market approach while deploying resources to its highest-growth opportunities globally.

The transaction is expected to close by year-end 2026, subject to regulatory approval and other customary closing conditions. FMC intends to allocate all proceeds from the sale to debt reduction.

“Crystal Crop Protection Limited is well-positioned to serve Indian farmers with FMC’s portfolio of innovative technologies, and we look forward to supporting their growth through our supply agreement,” said Pierre Brondeau, FMC chairman, chief executive officer and president.

“FMC remains committed to India and will continue to conduct global R&D activities and maintain global manufacturing operations in the country,” added Brondeau.

Through this transaction, Crystal Crop Protection will acquire FMC India's commercial operations in the crop protection field, including a license to FMC's brands sold in India.

Crystal Crop Protection Limited will also receive a preferred supply agreement for certain FMC active ingredients and formulated products, as well as preferred access to FMC's pipeline of active ingredients in India for the crop protection field.

"We are excited on signing this definitive agreement to acquire this business of FMC in India,” said Ankur Aggarwal, Chairman and Managing Director, Crystal Crop Protection Limited.

“We look forward to welcoming a talented workforce into the Crystal group and aim at accelerating innovation across both chemical and biological domains of crop protection. FMC’s innovative portfolio, blockbuster brands and future pipeline give us an opportunity to provide Indian farmers access to innovative products. We look forward to further enhancing and building on our relationship with FMC,” added Aggarwal.

BofA Securities acted as exclusive financial adviser while Davis Polk & Wardwell LLP served as US legal adviser and Khaitan & Co assisted as legal adviser for FMC on this transaction.

EY acted as exclusive buy side M&A adviser to Crystal Crop Protection Limited and Shardul Amarchand Mangaldas & Co served as legal adviser.