Carnation Industries Limited to acquire Oniv Beverages Pvt Ltd

Carnation Industries Limited has, on April 12, 2025, entered into a Share Purchase Agreement ("SPA") to acquire 100% equity shares in Oniv Beverages Private Limited with its existing shareholders for a total consideration not exceeding INR 5.00 Crores to be paid by issuance/allotment of equity shares of the Company in exchange for the equity shares of Oniv Beverages Private Limited within the first half of the current fiscal year, after obtaining all necessary approvals for the transaction.

The Company is a private company engaged in the business of manufacturing and selling wine & beverages under various registered brand names, either owned or under license from third party in India. Turnover for March 31, 2024 INR 16.91 crores approx. March 31, 2023 was INR 10.00 crores approx. and March 31, 2022 was INR 0.50 crores approx.

Through this acquisition, the Company is strategically expanding its business portfolio in a manner that can be seamlessly and economically integrated with its existing operations.

M/s Oniv Beverages Private Limited, (CIN: U15100MH2012PTC233910), a company incorporated under the Companies Act, 2013, and having its registered office at 6, Floor 3, Plot - 422, Nav Bhavna, Swatantrya Veer Savarkar Marg, Kismat Cinema, Prabhadevi, Mumbai - 400025, Maharashtra.

Source : Equity Bulls

Keywords

CarnationIndustries Acquisition OnivBeverages SPA