Acquisitions8 Jul 2025, 05:21 pm
Agarwal Industrial Corporation Ltd Approves Acquisition of Konkan Storage Systems for ₹ 22,00,00,018/-
AI Summary
Agarwal Industrial Corporation Ltd has approved the acquisition of 100% equity shares of Konkan Storage Systems, a company engaged in port-based industrial and infrastructure activities, for a total consideration of ₹ 22,00,00,018/-. The acquisition is subject to the execution of definitive agreements and completion of closing conditions.
Key Highlights
- Acquisition of Konkan Storage Systems for ₹ 22,00,00,018/-
- Konkan Storage Systems is engaged in port-based industrial and infrastructure activities
- The acquisition is subject to the execution of definitive agreements and completion of closing conditions
- The acquisition will reduce costs and ensure the availability of critical assets
- Konkan Storage Systems had a turnover of ₹ 329.76 lakhs as on March 31, 2024