Sai Capital’s Material Subsidiary -- Health Care Energy Foods has acquired 100% equity of Butterfly Ayurveda. Accordingly, Butterfly Ayurveda has become a wholly owned subsidiary of Health Care Energy Foods and a step down subsidiary of the company.
The objective of acquisition is for diversification and expansion of business. The company constantly explores various options for growing business and determined that this acquisition is in the best interest of the company.
Sai Capital is engaged primarily in the business of investments and finance.
