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At meeting held on 25 January 2025
Board of Gujarat Ambuja Exports approves acquisition of balance stake in Maiz Citchem
25-Jan-2025, 03:35
The Board of Gujarat Ambuja Exports at its meeting held on 25 January 2025 has approved the acquisition of 50,00,000 equity shares (25% stake) of Maiz Citchem from M/s.SMAS Investors LLP at fair market value i.e. Rs. 10 per equity share. After this acquisition completed, MCL will become wholly-owned subsidiary company of Gujarat Ambuja Exports.
The Board of Gujarat Ambuja Exports at its meeting held on 25 January 2025 has approved the acquisition of 50,00,000 equity shares (25% stake) of Maiz Citchem from M/s.SMAS Investors LLP at fair market value i.e. Rs. 10 per equity share. After this acquisition completed, MCL will become wholly-owned subsidiary company of Gujarat Ambuja Exports.
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