StockWatch
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Sugar
Divestment18 Jun 2026, 03:34 pm

Dhampur Bio Organics completes Meerganj Unit slump sale for 305 Cr

AI Summary

Dhampur Bio Organics Ltd has completed the slump sale of its Meerganj Unit, a sugar factory located in Bareilly, Uttar Pradesh, to Forever Global Enterprises Limited. The transaction was finalized on June 18, 2026, with the company receiving a purchase consideration of 305 Crores. The completion involved the execution and registration of the conveyance deed, following the Business Transfer Agreement signed on April 20, 2026. This divestment was previously intimated to the exchanges.

Key Highlights

  • Slump sale of Meerganj Unit has been completed.
  • Unit sold to Forever Global Enterprises Limited.
  • Company received 305 Crores as purchase consideration.
  • Transaction finalized on June 18, 2026.