Sale8 Sept 2026, 07:31 pm
Kesar Enterprises Sells Sugar, Distillery Divisions for ₹431 Cr
AI Summary
Kesar Enterprises Ltd has approved the slump sale of its Sugar, Distillery, and Cogen divisions located in Bihar, UP, to Avadh Foods and Multi Warehouse Private Limited for ₹431 crores. The transaction is subject to shareholder and regulatory approvals. The sale is expected to be completed by June 15, 2027. The divisions contributed ₹304.50 crore in revenue and had a net worth of -₹133.24 crore in the last financial year. The buyer is an unrelated third party, and the transaction is not a related party transaction.
Key Highlights
- Board approved slump sale of Sugar, Distillery, Cogen divisions.
- Sale consideration is ₹431 crores, subject to adjustments.
- Transaction to be completed by June 15, 2027.
- Buyer is Avadh Foods and Multi Warehouse Private Limited.
- Divisions contributed ₹304.50 Cr revenue last FY.
Price Impact
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