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).
| Company Name | CMP |
|---|---|
| Venkys India | 1589.25 |
| Mangalam Global Ent | 12.93 |
| Kaveri Seed | 924.50 |
| Regaal Resources | 85.04 |
| Simran Farms | 165.70 |
| View more.. | |
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