KAPIL RAJ FINANCE LIMITED : BOARD APPROVES ACQUISITION OF 90% OF HENYO PACK LIMITED

• Board approves execution of Share Swap Agreement for acquisition of 90% of Henyo Pack Limited • Company to issue up to 26,54,87,700 equity shares at ₹2.24 per share via preferential issue for the acquisition • Acquisition valued at ~₹59.47 Cr based on issue price, representing 90% of Henyo Pack's paid-up capital • Henyo Pack operates in packaging and converted paper products segment, incorporated in 1997 • Board also approved adoption of new MOA, increase in authorized capital, and preferential issue of 66,98,000 equity shares for cash • Other approvals include change of object clause, change in company name, resignation of director, and appointment of auditors

Kapil Raj Finance Ltd

Open attachment

← Back to feed