Board approves Pacific Global acquisition through share swap
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The board approved buying all of Pacific Global FZCO for Rs 354.52 crore, payable through up to 12,058,397 new shares at Rs 294 each. It also approved an employee option pool of 1,190,480 shares and raised authorised capital from Rs 25 crore to Rs 40 crore. Shareholders will vote on 4 December 2026.
The acquisition may expand cashew processing, but new shares and employee options may dilute existing shareholders.