Omega Ag-Seeds (Punjab) has received an approval to acquire 15% shareholding in Blue Park Sea Foods for a total consideration of Rs 7.50 crore. The company has received an approval at its board meeting held on September 15, 2011.
The board took the decision after detailed memorandum on acquisition along with valuation report was placed before them. The board discussed in detail all the issues related to valuation of the business, business model, scope of future growth in business, advantages of combining the existing business with the Seafood business upon which it approved the proposal unanimously.
Blue Park Sea Foods is the leading manufacture of food products to satisfy the customers with the world-class standard products and services managed by the high-caliber and righteous professional team who are devoted to the total benefits of the staff, business partners as well as the social responsibility and environmental protection as a whole.
Omega Ag-seeds (Punjab) is a joint venture of Punjab Agro Industries corporation (PAIC) and Omega Ag-seeds (India) (OASIL).
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