Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ganesh Benzoplast has informed that the company and its wholly owned subsidiary GBL LPG have entered into a Share Subscription Agreement (‘SSA’) and a Joint Venture Agreement (‘JVA’) today, November 30, 2023 with, BW Confidence Enterprise, BW LPG Holding, Confidence Petroleum India, and GBC LPG. The said SSA and the JVA are being entered between the above-mentioned entities with the purpose of establishing a joint venture for constructing and operating an LPG storage terminal at JNPA capable of handling Very Large Gas Carrier(s). This is subject to receipt of requisite approvals from the relevant authorities. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023 is given in Annexure ‘A’ attached to this letter.
| Company Name | CMP |
|---|---|
| BASF India | 3739.05 |
| Tata Chemicals | 707.80 |
| SRF | 2541.95 |
| Pidilite Inds. | 1402.25 |
| Deepak Nitrite | 1731.10 |
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