Acquisitions22 Jun 2026, 01:26 pm
Suraj Industries Completes Carya Chemicals Acquisition via Loan Conversion
AI Summary
Suraj Industries Ltd. has successfully completed the acquisition of equity shares in Carya Chemicals & Fertilizers Private Limited (CARYA) by converting an outstanding unsecured loan of approximately ₹25 Crores. The company received confirmation of the allotment of 1,05,04,201 equity shares at ₹23.80 per share, based on a valuation report. CARYA, a material subsidiary, operates a bottling plant and is setting up a distillery. The transaction was conducted on an arm's length basis and received necessary board and shareholder approvals.
Key Highlights
- Acquisition of Carya Chemicals completed via unsecured loan conversion.
- 1.05 crore shares acquired at ₹23.80 per share.
- Transaction valued at approximately ₹25 Crores.
- Carya is a material subsidiary with bottling and distillery operations.
- Acquisition deemed arm's length with necessary approvals.
Price Impact
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