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Indo US Bio-Tech gets nod to transfer 98.5% stake of subsidiary company

29 Jul 2022 Evaluate

Indo US Bio-Tech has received approval to transfer of 98.5% equity stake (i.e., 9,850 equity shares) of subsidiary company -- ‘Agripari E-Commerce’ to Priyanka Jagdishbhai Ajudia for a consideration of Rs 98,500. The transfer value of the investments held in Agripari E-Commerce is determined at face value of Rs 10 based upon the independent valuation report by merchant banker.

As the subsidiary company has not carried out any business activities, the transfer value of investments held by Indo US Bio-Tech is equal to the actual amount invested in that company. Pursuant to the said transfer of equity shares, Agripari E-Commerce ceases to be a subsidiary of Indo US Bio-Tech.

Indo US Bio-Tech is engaged in the business of breeding products, processing and marketing of high performing open-pollinated and hybrid agricultural seed varieties & (seed testing, soil & water testing).

Indo US Bio-Tech Share Price

108.00 -1.43 (-1.31%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Venkys India 1589.25
Mangalam Global Ent 12.93
Kaveri Seed 924.50
Regaal Resources 85.04
Simran Farms 165.70
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