Dhunseri Ventures has acquired the shares in DVL USA INC from Twelve Cupcakes. Accordingly, DVL USA INC has become a wholly-owned subsidiary of the Company with effect from February 1, 2024 in accordance with the Share Purchase Agreement (SPA). Earlier, the company had entered into SPA with Twelve Cupcakes Pte., subsidiary of the Company to acquire the shares of DVL USA INC.
DYL USA INC has been incorporated with an objective for the manufacturing of breads, cakes and confectionery along with retail of confectionery. Total cost of acquisition for the purchase of 76,500 equity shares of $10 each would be $76,5000.
Dhunseri Ventures is engaged in the plantation business.
