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AVI Polymers Ltd Announces Share Purchase Agreement with Rootsparkle Trading Private Limited

AVI Polymers Ltd has announced that the Board of Directors has taken note of a share purchase agreement entered among the Promoter and Promoter Group and Rootsparkle Trading Private Limited. The agreement involves the sale of up to 25.17% of the equity shares of the Company held by the Promoter and Promoters Group to Rootsparkle Trading Private Limited. The Company is authorized to negotiate, finalize, execute and deliver the SPA and perform its obligations in accordance therewith.

• AVI Polymers Ltd Board of Directors has taken note of a share purchase agreement with Rootsparkle Trading Private Limited.
• The agreement involves the sale of up to 25.17% of the Company's equity shares held by the Promoter and Promoters Group.
• The Company is authorized to negotiate, finalize, execute and deliver the SPA and perform its obligations in accordance therewith.
• The transaction is subject to necessary approvals, permissions, consents, sanctions and exemptions from the Appropriate Authorities.
• Mr. Mansukh Patel and Ms. Monika Shah are authorized to perform all necessary acts for the implementation of the transaction.