Sharpline Broadcast Ltd to Acquire 51% Stake in Unayur Marketing Pvt Ltd for Rs. 9 Cr

Sharpline Broadcast Ltd has entered into a Share Purchase Agreement (SPA) to acquire 51% stake in Unayur Marketing Pvt Ltd, a company dealing in Unani and Ayurvedic medicines, natural health products, cosmetics, herbal products, essential oils, and related items. The total purchase consideration for the acquisition of 5,123 equity shares is Rs. 9 Cr. Unayur, incorporated on 12th September, 2019, has a turnover of INR 66.30 Cr. (FY 2023-24), INR 96.66Cr. (FY 2022-23), and INR 77.26 Cr. (FY 2021-22). The acquisition is expected to be completed within a month, subject to satisfaction of certain conditions precedent as specified in the SPA. Post-acquisition, Unayur will become a subsidiary of Sharpline Broadcast Ltd.