Uma Exports Ltd Acquires Swastik Oil Refinery Private Ltd for 14.67 Crores

Uma Exports Ltd has acquired Swastik Oil Refinery Private Ltd, a company engaged in the manufacturing of oil, for a consideration of 14.67 Crores. The acquisition, which falls under related party transactions, was approved by the Hon'ble National Company Law Tribunal, Kolkata. The acquisition has enabled Uma Exports Ltd to have a presence in the Fast-Moving Consumer Goods (FMCG) industry. The factory of Swastik Oil Refinery Ltd is situated at Jalan Industrial Complex Gate No 3 PO Begri Dist Howrah. The company was incorporated on 23/04/1997 and has a brief history of last 3 years turnover of NIL. The acquisition was completed in cash and Uma Exports Ltd has acquired 100% of the shareholding of Swastik Oil Refinery Private Ltd.