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Suraj Industries acquires stake in Carya Chemicals & Fertilizers for Rs 19.80 crore

16 Jun 2022 Evaluate

Suraj Industries has acquired 1,98,00,000 equity shares of Rs 10 each at par aggregating to Rs 19.80 crore in Carya Chemicals & Fertilizers. With this, Carya Chemicals & Fertilizers has become a subsidiary of Suraj Industries with 62.06% shareholding. The main line of business of Suraj Industries is manufacturers of alcoholic liquors and investment in Carya Chemicals & Fertilizers is in line with the main business of the company.

Suraj Industries is an edible oil manufacturing company.

Peers
Company Name CMP
Redington 357.65
Adani Enterprises 2736.00
Amrapali Industries 33.78
Maxgrow India 178.35
Rashi Peripheral 697.90
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