Ador Multiproducts to Acquire Remaining Stake in 1908 E-Ventures, Making it a Wholly Owned Subsidiary

Ador Multiproducts Ltd, with scrip code BSE-523120, has announced that its Board of Directors approved the acquisition of the remaining 47.25% stake in its subsidiary, 1908 E-Ventures Private Limited. This move will make 1908 E-Ventures a Wholly Owned Subsidiary of Ador Multiproducts. The company already holds 52.75% stake in 1908 E-Ventures, which is focused on building consumer solutions for the personal care, cosmetics and beauty industry. The acquisition is not a related party transaction and is expected to provide an exit to the existing shareholders of 1908 E-Ventures.