Piccadily Agro Industries has sold its all short-term investment in equity shares of Nirvana Biosys on June 30, 2014. Earlier in February this year, the company had purchased 89% shareholding of Nirvana Biosys, which has become a subsidiary of Piccadily Agro Industries.
Nirvana Biosys, incorporated in the year 2008 has set up a plant of winery at Bawal, District Rewari in the State of Haryana as a joint venture with E.C. Oxenham & CY lle, Maurice-winemakers for over 75 years with a French Lineage. The Company has a distinction of setting up of a first such winery in the Northern India.
Piccadily Agro Industries is in the business of manufacturing of sugar and its by-products. Company's manufacturing plant is located at Umri Indri Road, Village Bhadson, Tehsil Indri Karnal District, Haryana.
