Oswal Greentech Acquires 4.99% Stake in Oswal Agro Mills for Market Confidence

Oswal Greentech Ltd has acquired 66,99,000 equity shares of Oswal Agro Mills Limited (OAML), which amounts to 4.99% of the total shareholding. This acquisition is aimed at reinforcing the promoters' commitment, enhancing investor perception, and providing greater strategic flexibility. Oswal Greentech is already a promoter of OAML, holding 66,83,109 equity shares before this acquisition. The transaction is at arms-length. OAML is primarily engaged in the trading of goods and real estate development. The company was incorporated on December 14, 1979, and its turnover for the last 3 years is ₹ 16,176.69 Lakh, ₹ 18,673.70 Lakh, and ₹ 2,794.70 Lakh respectively. The acquisition is expected to complete with cash consideration.