Anil’s wholly owned subsidiary - Anil Life Sciences, has acquired the assets along with the running business of Siddhi Vinayak Agro Industries (SVAIPL) for a cash consideration of Rs 46 crore.
SVAIPL is having plant and facilities at Chindwara in state of Madhya Pradesh. SVAIPL has a capacity of 150 TPD Grind and the acquisition will add significant value to the existing Corn wet milling business of Anil. It brings in a number of strategic advantages apart from providing accelerated growth avenues. The unit is strategically located in a corn belt in central India providing access to North, East and South markets.
Anil is located in the city of Ahmedabad is one of the oldest and largest corn (maize) wet millers in India.
