Suraj Industries to Acquire 50.03% Stake in VRV Foods for Rs. 37.13 Crores

Suraj Industries Ltd. has announced its decision to acquire 56,25,400 equity shares of VRV Foods Limited from promoter group persons/entities at a price of Rs. 66/- per share, amounting to Rs. 37,12,76,400. This acquisition will enhance the company's scale, profitability, and long-term shareholder value. VRV Foods is a leading manufacturer of country liquor in Himachal Pradesh, holding approximately 32% market share in the segment. The acquisition is subject to approval by the members at the ensuing General Meeting.