CIAN Agro Industries & Infrastructure has received an approval to acquire the entire 100% paid-up equity share capital of Purti Agrotech, comprising of 20,24,850 fully paid equity shares of Rs 10 each, making it a wholly owned subsidiary of the company. The board of directors at its meeting held on April 22, 2017 has approved for the same.
This step has been taken in order to achieve backward integration by acquiring manufacturer/supplier of spices as the company has decided to launch spices under its own brand of ‘CIAN Spices’ and also to increase the operational efficiency, better control and specialized management in the spices business segment.
CIAN Agro Industries & Infrastructure is manufacturer of Refined Soyabean Oil ‘Amrutdhara’ and Refined Kardi (Safflower) Oil ‘Yash’ through well established network in Maharashtra and Madhya Pradesh.
| Company Name | CMP |
|---|---|
| AWL Agri Business | 185.05 |
| Patanjali Foods | 469.15 |
| Gokul Agro Resources | 205.75 |
| Marico | 757.05 |
| BCL Industries | 33.44 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: