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SJS Enterprises acquires 47.62% stake in STPL

12 May 2022 Evaluate

SJS Enterprises has subscribed to 6 lakh Class A equity shares of Suryaurja Two (STPL), constituting 47.62% of the equity share capital of STPL. Consequently, STPL has become an associate of the company. Earlier, the company had entered into a Power Supply and Offtake agreement (PSOA) and Share Subscription and Shareholders’ agreement (SSSHA) with Suryaurja Two (STPL), for subscribing to 6 lakh equity shares.

SJS Enterprises is one of the leading players in the Indian decorative aesthetics industry, offered the widest range of aesthetics products in India.

Peers
Company Name CMP
SamvardhanaMotherson 157.65
Tube Investments 2120.00
Bosch 45500.00
UNO Minda 1084.50
Bombay Burmah Trdg. 1177.95
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