Oricon Enterprises has received an approval for acquisition of equity shares of United Shippers (USL), a material subsidiary, by purchase of 69,896 Equity Shares from its existing shareholder(s) which would result in increase in company's holding in United Shippers from 35,16,849 Equity Shares i.e. 98.05% to 35,86,745 i.e. 100% and USL will become wholly-owned subsidiary. The Board of Directors of the Company at their Meeting held on Monday, December 26, 2022 has considered and approved the same.
The company is engaged in the business of manufacturing petrochemical products and developing real estate.
