Divestment23 Apr 2026, 11:04 am
Valencia Nutrition to Acquire Suryavathi Assets for ₹1.5 Cr
AI Summary
Valencia Nutrition Ltd's board approved the dissolution of Suryavathi Beverages, a partnership firm where Valencia holds a 99% stake. Upon dissolution, Valencia Nutrition will acquire assets worth ₹91.77 Lakh. Subsequently, these assets will be sold to its wholly-owned subsidiary, Valencia Beverages and Superwater Private Limited, for ₹1.5 Crore via a slump sale agreement dated April 23, 2026. The turnover of Suryavathi Beverages was Nil in the last financial year. The sale is expected to be completed within 15 days.
Key Highlights
- Valencia Nutrition to dissolve Suryavathi Beverages, acquiring assets worth ₹91.77 Lakh.
- Assets to be sold to wholly-owned subsidiary for ₹1.5 Crore via slump sale.
- Slump sale agreement signed April 23, 2026; completion expected within 15 days.
- Suryavathi Beverages' turnover was Nil in the last financial year.
- Transaction exempt from Related Party Transaction approval.
Price Impact
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