Yash Pakka Limited to invest in Pakka Impact Ltd

The Board of Directors of Yash Pakka Limited in their meeting held on April 06, 2022 have approved the investment of 97.5% share capital of Pakka Impact Limited. The Board has approved the total investment in Pakka Impact Limited up to INR 50 million by way of loans, guarantee, securities. Pursuant to the above investment, Pakka Impact Limited will become a Subsidiary of the Company.

The Board has approved for formation of wholly owned subsidiary in Singapore in the name of Pakka PTE. The Board has also approved the investment in Pakka PTE by way of loans, guarantee, securities up to INR 50 million.

Pakka Impact Limited (PIL), is an Indian Company, incorporated on 27" February, 2014 and is in the business of all kinds and description across the globe in the field of Impact assessment, analysis, research, data collection, data analytics, Innovation & Technology advancement, business administration, Consultancy and advisory services in relation to the compostable packaging and its raw material producers, manufacturers, technologists, service providers, convertors, suppliers, intermediaries, agents, customers and Investors including gathering, accumulating, organizing, tabulating, analyzing, managing, obtaining, collecting, purchase, acquiring, import, processing, disseminating, disposing, exporting, selling, marketing and trading of all types of information, data, statistics, computer based information systems, data bases, libraries and information sciences.

Shares of Yash Pakka Ltd was last trading in BSE at Rs. 81.30 as compared to the previous close of Rs. 82.05. The total number of shares traded during the day was 66252 in over 296 trades.

The stock hit an intraday high of Rs. 83.45 and intraday low of 81.00. The net turnover during the day was Rs. 5424818.00.

Source : Equity Bulls

Keywords

YashPakka INE551D01018 Investment