Acquisitions19 Nov 2024, 12:24 am
International Conveyors Limited Acquires Globus Spirits Ltd. for INR 9.13 Crore
AI Summary
International Conveyors Limited (ICL) has acquired the equity shares of Globus Spirits Ltd., a Breweries & Distilleries company. The acquisition is an investment purpose with a total cost of INR 9.13 Crore. Globus Spirits Ltd., formerly known as Globus Agronics Limited, was incorporated in 1993 and has a strong presence in India with a turnover of INR 3147.23 Cr. in FY 2023-24. The acquisition is expected to be completed by November 18, 2024.
Key Highlights
- International Conveyors Limited acquires Globus Spirits Ltd.
- Total cost of acquisition: INR 9.13 Crore
- Globus Spirits Ltd. is a Breweries & Distilleries company
- Globus Spirits Ltd. was incorporated in 1993 with a strong presence in India
- Expected completion date of acquisition: November 18, 2024