Unity Foods to acquire a further 31% share capital of Sunridge Food

By MG News | February 25, 2021 at 03:07 PM GMT+05:00

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February 25, 2021 (MLN): The Board of Directors of Unity Foods Limited, in its meeting held on February 25, 2021, has approved in-principle acquisition of 16,467,818 (31%) shares of Sunridge Food (Private) Limited at Rs. 28 per share.

It may be noted that the company already holds 69% shares of Sunridge Food (Private) Limited. The acquisition is subject to approval of the shareholders for which a General Meeting will be convened in due course and any other regulatory approval.

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