Acquisitions17 Feb 2026, 09:13 pm
Asgard Alcobev Acquires 78.90% Stake in CMJ Breweries for Rs. 2190.44 Lacs
AI Summary
Asgard Alcobev Limited (Formerly known as Banganga Paper Industries Limited) has acquired 78.90% equity stake in CMJ Breweries Private Limited. The transaction was done through a share swap of 15,10,64,917 equity shares of Re. 1/- each at an issue price of Rs. 1.45/- each. CMJ Breweries is a leading business group based in Meghalaya with a strong presence in the alcoholic beverages industry.
Key Highlights
- Asgard Alcobev Limited has acquired 78.90% equity stake in CMJ Breweries Private Limited
- The transaction was done through a share swap of 15,10,64,917 equity shares of Re. 1/- each at an issue price of Rs. 1.45/- each
- CMJ Breweries is a leading business group based in Meghalaya with a strong presence in the alcoholic beverages industry
- The acquisition is strategically aimed at diversification and long-term value creation
- The transaction supports Asgard Alcobev’s vision of evolving into a diversified business group