Skip to main content

MoneyWorks4Me

Suraj Industries gets nod to invest Rs 6.58 crore in Carya Chemicals

25 Mar 2023 Evaluate

Suraj Industries (SIL) has received an approval for investment of Rs 6.58 crore in Carya Chemicals & Fertilizers (Carya), an existing Subsidiary of the Company, towards the acquisition of 65,81,000 equity shares in the right issue of CARYA.

Post the above acquisition, the company’s holding in Carya shall be 50.73% of the then expanded paid up capital of Carya. Accordingly, Carya will continue to remain subsidiary company. The main line of business of SIL is manufacturers of alcoholic liquors and investment in Carya is in line with the main business of the company

Suraj Industries is an edible oil manufacturing company.

Peers
Company Name CMP
Redington 357.65
Adani Enterprises 2736.00
Amrapali Industries 33.78
Maxgrow India 178.35
Rashi Peripheral 697.90
View more..