Acquisitions25 May 2026, 07:12 pm
Manglam Global Corp Acquires 100% Stake in Shri Krishnam Industries
AI Summary
Manglam Global Corporations Ltd has acquired 100% equity shares of Shri Krishnam Industries Private Limited, making it a wholly-owned subsidiary. The acquisition aligns with Manglam Global's growth and expansion strategy, particularly in the agro-processing segment. The cost of acquisition is ₹63,00,000 for 6,30,000 equity shares.
Key Highlights
- Manglam Global acquires 100% stake in Shri Krishnam Industries.
- Shri Krishnam Industries becomes a wholly-owned subsidiary.
- Acquisition cost: ₹63,00,000 for 6,30,000 equity shares.
- Target entity is in food processing (pulse processing/dal milling).
- Acquisition aims to strengthen presence in agro-processing.
Price Impact
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