Manglam Global Corporations has acquired 100% Equity Shares of Shri Krishnam Industries, thereby making it a Wholly Owned Subsidiary of the Company. The acquisition is in line with the growth and expansion strategy of the company. The target entity is currently under expansion and is in the process of setting up a new project related to the manufacturing of dal. This acquisition will enable the company to strengthen its presence in the agro-processing segment and enhance its operational capabilities. Cost of acquisition is Rs 63 lakh.
Manglam Global Corporations is engaged in the manufacture, process, market, trade, import, export, improve, sell Agri and Non- Agri commodities, FMCG and other related products which inter alia include but is not limited to grains, pulses, spices, vegetables, herbs and other food items derived from agricultural or farming activities.
