Acquisitions10 Jul 2025, 06:14 pm
Soma Textiles & Industries Ltd. Announces Share Purchase Agreement with Roadway Solutions India Infra Limited and Others
AI Summary
Soma Textiles & Industries Ltd. has entered into a Share Purchase Agreement (SPA) with Roadway Solutions India Infra Limited, Ameet Harjinder Gadhoke, and Teja Ranade Gadhoke. As per the agreement, the buyers propose to acquire 2,47,68,058 fully paid-up equity shares representing 74.98% of the paid-up equity share capital of the company for a total consideration of Rs. 87,67,42,526. The agreement was executed on 9th July, 2025. Upon completion of the transactions under the SPA, the sellers will cease to be in control of the company and will no longer hold any shares in the company.
Key Highlights
- Soma Textiles & Industries Ltd. has entered into a Share Purchase Agreement with Roadway Solutions India Infra Limited, Ameet Harjinder Gadhoke, and Teja Ranade Gadhoke.
- The buyers propose to acquire 74.98% of the paid-up equity share capital of the company for a total consideration of Rs. 87,67,42,526.
- The agreement was executed on 9th July, 2025.
- Upon completion of the transactions under the SPA, the sellers will cease to be in control of the company and will no longer hold any shares in the company.
- Roadway Solutions India Infra Limited will acquire 1,68,46,830 equity shares, Ameet Harjinder Gadhoke will acquire 59,45,940 equity shares, and Teja Ranade Gadhoke will acquire 19,75,288 equity shares.