CDG Petchem Ltd to Acquire 51% Stake in Jujhar Logistic and Travels Limited for INR 113.85 Crore

CDG Petchem Ltd has announced its decision to acquire a strategic stake of not less than 51% in Jujhar Logistic and Travels Limited, a public company in the transport industry. The acquisition is expected to be completed within 6 months and will be a cash consideration based on the valuation report of a Registered Valuer. The acquisition is a strategic step for CDG Petchem Ltd to foray into the business of specialized logistics. Jujhar Logistic and Travels Limited had a turnover of INR 113.85 Crore as per the latest audited financial statement as on 28th February 2025.