Gulshan Polyols Ltd to acquire upto 40% stake JGN Sugar and Biofuels Pvt Ltd

The Board of Directors of Gulshan Polyols Ltd at its meeting held on Tuesday, 17th day of January, 2023 at its Corporate Office at G-81, Preet Vihar, Delhi - 110092 at 04:00 P.M., have, considered and approved the proposal of acquiring / investment to the extent of 40% Equity Share Capital of JGN Sugar and Biofuels Private Limited.

JGN Sugar and Biofuels Private Limited ('JGN Sugar or Target entity'), a Company incorporated in the year 2022 on September 19, 2022 under the Companies Act, 2013 with CIN: U15420DL2022PTC404736 and having its registered office situated at H-475, 1st Floor, New Rajinder Nagar, Inderpuri, New Delhi-110060 and its Paid up Equity Share Capital is Rs. 1,00,000/- (One Lakhs only). JGN Sugar has been recently incorporated as Special Purpose Vehicle for the purpose of applying for bidding and got selected as top bidder for setting-up of and operating integrated sugar mill complex at Sitarganj as per e-tender dated 28.10.2022 published by Uttarakhand Sahkari Chini Mills Sangh Limited.

Shares of Gulshan Polyols Limited was last trading in BSE at Rs. 249.35 as compared to the previous close of Rs. 256.70. The total number of shares traded during the day was 14924 in over 1025 trades.

The stock hit an intraday high of Rs. 259.85 and intraday low of 248.10. The net turnover during the day was Rs. 3770221.00.

Source : Equity Bulls

Keywords

GulshanPolyols INE255D01024 Acquisition JGNSugarandBiofuels