Gayatri BioOrganics has entered into Business Transfer Agreement for transferring its business of manufacturing and selling starch, sorbitol and other by products along with selling its units that is Unit-I situated at NH-9, Nandikandi Village, Medak District, Telangana and Unit-II situated at Balabadrapuram Village, East Godavari District, Andhra Pradesh on 'Slump Sale' basis.
The company has identified Bluecraft Agro, a company registered under the Companies Act, 2013, having its registered office at Ahmedabad, Gujarat as Potential Purchaser to complete the slump sale for a consideration of Rs 1001, subject to fulfillment of conditions precedent as per the Business Transfer Agreement.
Gayatri BioOrganics is one of the largest manufacturing units of starch, liquid glucose, sorbitol and allied products in south India with a wide distribution network across the country.
