Corporate News 01-Aug-23
Board of Anupam Rasayan India approves acquisition of ARIL Fluorospeciality
At meeting held on 01 August 2023
The board of Anupam Rasayan India at its meeting held on 01 August 2023 has approved the purchase of 10,000 (ten thousand) equity shares of face value of Rs. 10 each, of a company named ARIL Fluorospeciality (AFPL), on book value of Rs. 1,00,000 aggregating to 100% shareholding of AFPL on the terms and conditions as set out in the Share Purchase Agreement to be entered between the Company, existing shareholders and AFPL (SPA), with no economic benefit to the sellers. Pursuant to the consummation of the acquisition of shares as per the SPA, AFPL shall become a wholly owned subsidiary of the Company.
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