Acquisitions20 Mar 2026, 06:41 pm
Nagarjuna Agri Tech Completes Acquisition of Allenby Food & Beverages, Appointment of CEO Cancelled
AI Summary
Nagarjuna Agri Tech Ltd has completed the acquisition of Allenby Food & Beverages Private Limited through a share swap agreement. The company has allotted 2,12,86,020 equity shares to 31 equity shareholders of Allenby Food & Beverages. As a result, Allenby Food & Beverages has become a 100% subsidiary of Nagarjuna Agri Tech. However, the appointment of Mr. Biswanath Bhattacharya as CEO has been cancelled due to his inability to accept the position for medical reasons. The company's corporate office is in Kolkata and registered office is in Hyderabad.
Key Highlights
- Nagarjuna Agri Tech has completed the acquisition of Allenby Food & Beverages Private Limited.
- The acquisition was done through a share swap agreement.
- Allenby Food & Beverages has become a 100% subsidiary of Nagarjuna Agri Tech.
- The appointment of Mr. Biswanath Bhattacharya as CEO has been cancelled.
- Nagarjuna Agri Tech's corporate office is in Kolkata and registered office is in Hyderabad.