Yogya Enterprises has received an approval to invest a sum of up to Rs 5.85 lakh to acquire the total share capital of Excellent Securities. Consequently, Excellent Securities will become a wholly owned subsidiary of the company.
The board of directors at their meeting held on November 18, 2015 has modified the amount of investment in shares and approved for the same. The board of directors at their previous meeting had decided to invest Rs 5 lakh, but the book value of shares of Excellent Securities is Rs 5.85 lakh.
Yogya Enterprises is an ISO 9001:2008 certified company mainly engaged in the business of trading and distribution of Steel, Copper and textiles products.
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