Acquisitions1 Apr 2026, 12:04 pm
Pet Plastics Ltd. to Sell Subsidiary Exuberant Systems Private Limited to ANS Buggy LLP for Rs. 4,68,24,000
AI Summary
Pet Plastics Ltd. has entered into a Share Purchase Agreement with ANS Buggy LLP for the transfer of entire equity shares held by Bharatam Ventures Limited in its subsidiary, Exuberant Systems Private Limited. Upon completion of the agreement, Exuberant Systems Private Limited would cease to be a subsidiary of the Company. The agreement was entered into on 31st March, 2026, with an expected completion date of the same day. The consideration received from the sale is Rs. 4,68,24,000.
Key Highlights
- Pet Plastics Ltd. to sell its subsidiary, Exuberant Systems Private Limited, to ANS Buggy LLP
- The sale is for a consideration of Rs. 4,68,24,000
- The agreement was entered into on 31st March, 2026, with an expected completion date of the same day
- Exuberant Systems Private Limited would cease to be a subsidiary of the Company upon completion of the sale
- ANS Buggy LLP is not a Promoter of Bharatam Ventures Limited