Stocks

Acquisition to keep Anil in focus

| Updated on July 14, 2014 Published on July 14, 2014

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Anil Life Sciences, a wholly owned subsidiary of Anil Ltd, has acquired the assets along with the running business of Siddhi Vinayak Agro Industries Pvt Ltd having plant and facilities at Chindwara, Madhya Pradesh for a cash consideration of ₹46 crore. Siddhi Vinayak has a grinding capacity of 150 tonnes per day and the acquisition will add value to the existing corn wet milling business of Anil. The stock could react as the announcement came after market hours.

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Published on July 14, 2014
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