Scripscan:Amrit Corp Ltd
cmp:260
Code:507525
Story:New York based food company - Bunge Limited has acquired the edible oils and fats business of Amrit Banaspati Company Limited.The deal includes Amrit Banaspati's manufacturing facility in Rajpura - Punjab, rights to it's brands and trademarks, its sales and distribution business and transfer of employees pertaining to its edible oils and fats business to Bunge India.Bunge India is also acquiring the rights to the vanaspati brand - Gagan held by Amrit Corp which is currently licensed to Amrit Banaspati.Seven decades old Amrit Banaspati has a manufacturing plant in Punjab. It's portfolio of brands in bakery fats, vanaspati and refined oils include Amrit, Bansari, Ginni, Marigold and Sunehri Teer apart from Gagan vanaspati ghee which it manufactures under license from it's sister concern Amrit Corp Limited.Post transaction, Amrit Banaspati will continue to operate a consumer trading division and may also venture into real estate business.The stock of amrit corp should remain in action in the coming days.Shareholders can also expect a fat dividend to be announced in the coming days.
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
