Gujarat Ambuja Exports Ltd updates on acquisition of MACPPL

Gujarat Ambuja Exports Ltd had earlier announced the acquisition of 100% Equity shares of Mohit Agro Commodities Processing Private Limited (MACPPL). The company has said that MACPPL owns land and building near Kadi (Gujarat) solvent plant of the Company. The referred· property was hitherto used as godown on payment oflease rent. The shares ofMACPPL have been purchased by the Company at fair market value arrived at after considering the market value of referred godown property on arm's length basis and other investments.

Shares of GUJARAT AMBUJA EXPORTS LTD. was last trading in BSE at Rs.201.85 as compared to the previous close of Rs. 196.95. The total number of shares traded during the day was 8672 in over 339 trades.

The stock hit an intraday high of Rs. 204.5 and intraday low of 200. The net turnover during the day was Rs. 1753689.

Source : Equity Bulls

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