Acquisitions16 Mar 2026, 12:34 pm
Ronak Jain & Others Acquire 27.28% Stake in Banganga Paper Industries Ltd Through Share Purchase Agreement
AI Summary
Ronak Jain and other acquirers have purchased 27.28% shares in Banganga Paper Industries Ltd, which is now known as Asgard Alcobev Limited, through a Share Purchase Agreement. The acquisition includes 8,50,00,000 shares carrying voting rights, and 2,20,00,000 warrants/convertible securities. This acquisition makes Ronak Jain and others significant shareholders in the company, which may lead to a change in the company's management and policies.
Key Highlights
- Ronak Jain and others have acquired 27.28% shares in Banganga Paper Industries Ltd through a Share Purchase Agreement.
- The acquisition includes 8,50,00,000 shares carrying voting rights and 2,20,00,000 warrants/convertible securities.
- This acquisition may lead to a change in the company's management and policies.
- Banganga Paper Industries Ltd is now known as Asgard Alcobev Limited.
- Ronak Jain and others may become the promoters of the company after the completion of the open offer.