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.