Acquisitions17 Feb 2026, 09:11 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 a 78.90% stake in CMJ Breweries Private Limited. The acquisition was done through the issuance and allotment of up to 15,10,64,917 equity shares of Re. 1/- each of the Company at an issue price of Rs. 1.45/- per share, amounting to Rs. 2190.44/- Lacs. CMJ Breweries is a leading business group based in Meghalaya, dedicated to the production of beer and operating a modern, high-capacity brewing facility. The acquisition is strategically aimed at diversification and long-term value creation.
Key Highlights
- Asgard Alcobev Limited has acquired a 78.90% stake in CMJ Breweries Private Limited.
- The acquisition was done through the issuance and allotment of equity shares worth Rs. 2190.44/- Lacs.
- CMJ Breweries is a leading business group based in Meghalaya, dedicated to the production of beer.
- The acquisition is strategically aimed at diversification and long-term value creation.