Ani |
Has been updated: April 10, 2024 15:41 IST
PNN
Ahmedabad (Gujarat) [India]April 10: Ahmedabad-based Sellwin Traders Ltd has entered into a share purchase agreement to make a strategic investment in Patel & Patel E-Commerce And Services Pvt Ltd. The company has agreed to acquire 66.67% of the total paid-up share capital. in the form of shares in Patel & Patel E-Commerce And Services Pvt Ltd. Investments by Sellwin Traders Ltd are aligned with future business projects with portfolio companies.
highlight:-
-The company announced that it will invest approximately 200 million rupees. $200 million in Shah Metacorp Ltd
– The investment will be used to support Shah Metacorp Ltd's expansion initiatives, enhance production capacity, enhance research and development and explore new market segments.
– In March 2024, the Company entered into a share purchase agreement to acquire 60% of the total paid up share capital in order to make a strategic investment in Mannibhadra Aggro Pvt Ltd.
Patel & Patel E-Commerce And Services Pvt Ltd is currently engaged in the business of software design, development, customization, implementation, maintenance, testing and benchmarking, designing, developing and handling computer software and solutions.
The Company has also entered into a Share Purchase Agreement to make a strategic investment in Mannibhadra Aggro Pvt Ltd by acquiring/subscribing 60% of the total paid-up capital in the form of shares of the Company at the meeting to be held today i.e. on the 7th. concluded. March 2024. Mannibhadra Aggro Pvt Ltd is currently engaged in agricultural business.
The Board of Directors of Selwyn Traders Limited has approved the allotment of 3,17,80,000 convertible debentures to persons belonging to the non-promoter category with the right to subscribe for each share in cash at the issue price. Did. Rs. 12.95 per warrant in 2018 on preferential allotment where he received 25% of the issue price as per the provisions of SEBI ICDR Regulations. The company will raise funding of over Rs 100 crore. 410 million in priority warrant issuance.
Recently, the company announced that it will invest around Rs 200 crore. Investing his $200 million in Shah Metacorp Ltd (a BSE and NSE listed company) over the next two years. This strategic investment is consistent with the company's long-term growth strategy and aims to capitalize on promising opportunities in the metals industry. The investment will be used to support Shah Metacorp's expansion initiatives, increase production capacity, strengthen R&D capabilities and develop new market segments. By partnering with Shah Metacorp Ltd, we aim to leverage synergies, increase operational efficiency and create value for our shareholders.
Shah Metacorp Ltd is a well-known company in the metals sector, known for its strong operational capabilities, innovative products and sustainable business practices. With a proven track record of delivering value to our stakeholders, Shah Metacorp Ltd presents an attractive investment opportunity for us.
(ADVERTORIAL DISCLAIMER: The above press release was provided by PNN. ANI is not responsible for its content)
