Avanti Feeds has received an approval for purchase of total equity shares of Avanti Frozen Foods, comprising of 5,000 equity shares of Rs10 each fully paid from A. Indra Kumar and 5,000 equity shares of Rs 10 each fully paid from C. Ramachandra Rao at par. Consequent on purchase of shares, Avanti Frozen Foods will be a wholly owned subsidiary of the company. The board of directors at their meeting held on July 04, 2015 has approved for the same.
The board also approved to transfer the existing shrimp processing facilities of the company at Ravulapalem, East Godavari District, Andhra Pradesh to Avanti Frozen Foods to facilitate bringing the shrimp processing facilities under one roof.
Further, board approved implementation of a new Shrimp Processing Facility in East Godavari District, Andhra Pradesh, by Avanti Frozen Foods, a subsidiary of Avanti Feeds and to expand shrimp feed production capacity by setting up a new shrimp feed plant in West Godavari District, Andhra Pradesh.
| Company Name | CMP |
|---|---|
| Godrej Agrovet | 614.20 |
| Avanti Feeds | 1474.55 |
| KSE | 205.05 |
| Mukka Proteins | 24.12 |
| Prima Agro | 16.14 |
| View more.. | |
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