Goyal Salt Merger & Restructuring Worth ₹0.46 Cr
Goyal Salt Limited will invest Rs. 0.46 Crore to subscribe to 4,59,000 equity shares in its subsidiary, Goyal Foods Industries Private Limited, via a rights issue.
- Value
- ₹0.46 Cr
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Goyal Salt Limited will invest Rs. 0.46 Crore to subscribe to 4,59,000 equity shares in its subsidiary, Goyal Foods Industries Private Limited, via a rights issue.
Goyal Salt Limited acquired Goyal Foods Industries Private Ltd for a cash consideration of ₹5.1 lakh, acquiring 51% shareholding. The transaction expands its salt business footprint.
Goyal Salt Limited incorporated Goyal Foods Industries Private Limited and subscribed to 51,000 shares (51% equity), creating a new subsidiary. The move expands its salt production business.