Acquisitions19 Jan 2026, 01:07 pm
Riddhi Siddhi Gluco Biols Ltd. to Acquire Assets from Cargill India Pvt. Ltd. for $3,00,000 M.T. Per Annum
AI Summary
Riddhi Siddhi Gluco Biols Ltd. has announced that its Board of Directors has approved the purchase/acquisition of identified assets from Cargill India Pvt. Ltd. (CIPL) pursuant to the Asset Purchase Agreement (APA). The acquisition is strategic in nature and is aligned with the company's objective of diversifying its asset base and operational capabilities. The agreement involves the acquisition of plant & machinery having installed Corn Milling capacity of 3,00,000 M.T. per annum. The acquisition is subject to receipt of all requisite statutory, regulatory, contractual, and other approvals, consents, permissions, and sanctions, including customary closing conditions.
Key Highlights
- Riddhi Siddhi Gluco Biols Ltd. to acquire assets from Cargill India Pvt. Ltd.
- Acquisition involves plant & machinery with a Corn Milling capacity of 3,00,000 M.T. per annum.
- Acquisition is strategic and aligned with the company's objective of diversifying its asset base and operational capabilities.
- Subject to receipt of all necessary approvals and consents.
- Contingent on fulfilment of customary closing conditions.