Acquisitions24 Feb 2025, 08:27 pm
Ponni Sugars Acquires 50 tcd Jaggery Manufacturing Unit for Rs. 4.6 Crores
AI Summary
Ponni Sugars (Erode) Ltd. has successfully bid for acquiring a 50 tcd jaggery manufacturing unit located near Arachalur in Erode District. The bid of Rs. 4.6 crores has been accepted as per the sale intimation letter dated 24.02.2025 from Canara Bank under the SARFAESI Act. The acquisition is aimed at product diversification and may not have a significant impact on the company's overall production or turnover at its current capacity. This disclosure is made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.
Key Highlights
- Ponni Sugars has acquired a 50 tcd jaggery manufacturing unit for Rs. 4.6 crores.
- The acquisition is from Canara Bank under the SARFAESI Act.
- The unit is located near Arachalur in Erode District.
- The acquisition is aimed at product diversification.
- The acquisition may not have a significant impact on the company's overall production or turnover at its current capacity.