Acquisitions15 Sept 2025, 05:58 pm
Invade Agro Limited to Acquire 26.00% Stake in Chambal Breweries And Distilleries Limited for INR 1,16,82,462
AI Summary
Invade Agro Limited, through Gretex Corporate Services Ltd, has submitted a pre-offer advertisement and corrigendum to BSE for the acquisition of 26.00% equity and voting share capital of Chambal Breweries And Distilleries Limited. The offer is for 1,077,077 fully paid-up equity shares of face value INR 10.00 each at a price of INR 6.00 per equity share, amounting to a total consideration of INR 1,16,82,462. The offer is pursuant to Regulation 4 of SEBI (SAST) Regulation, 2011 and will be payable in cash.
Key Highlights
- Invade Agro Limited to acquire 26.00% stake in Chambal Breweries And Distilleries Limited
- Total consideration of INR 1,16,82,462
- 1,077,077 equity shares to be acquired at INR 6.00 per share
- Payment to be made in cash
- Offer submitted to BSE by Gretex Corporate Services Ltd