Gujarat Ambuja Exports has acquired 100% Equity shares of Mohit Agro Commodities Processing (MACPPL) on September 9, 2020, making it a wholly owned subsidiary of the company. The object of the said acquisition is to support the business operation of the company. The promoter of MACPPL is also of promoter of Gujarat Ambuja Exports and the acquisition would fall within the related party transaction. The transaction shall be done at arm length price.
Gujarat Ambuja Exports is involved in agro-processing and trading and has focused on exports, competing in the global market.
