ABans Enterprises has received approval from board of directors to acquire 2,27,273 equity shares of Rs 10 each i.e. 6.10% shareholding of Abans Jewels (AJL), subsidiary of the Company, from Siddhant Commercials (erstwhile known as Teesta Retail).
The Company currently holds 93.90% of the total share capital of AJL. Pursuant to the above acquisition, AJL shall become the ‘wholly owned subsidiary’ of the Company. The Board of Directors of Abans Enterprises at their meeting held on March 01, 2024, have considered and approved the same.
ABans Enterprises is involved in the business of trading, processing, broking and consulting in all kind of commodities, agricultural products, base metals, precious metals and stones and trading in commodities, shares and derivatives of all kind in electronic exchanges.
