RAMGOPAL POLYTEX LTD. to Participate in Buy-Back of Weisser Trading Company Private Limited with Rs.90,38,553.75 Purchase Consideration

RAMGOPAL POLYTEX LTD. has received a Letter of Offer to Buy-Back dated August 13, 2024 from Weisser Trading Company Private Limited. The company has approved to participate in the buy-back and tender 3,69,675 equity shares, which may decrease their shareholding in Weisser Trading Company Private Limited from 7.20% to 0.00%, subject to acceptance of shares in buyback by Weisser Trading Company Private Limited. Weisser Trading Company Private Limited, incorporated on December 04th, 2008, operates in India, engaging in the trading of Jute and Palm oil business with a turnover of Rs.3.85 Lakhs (Provisional) in FY 23-24. The purchase consideration for the shares to be Buy Back is Rs.90,38,553.75.