Announced Fri, 26 Jun · 20:15 IST
Completes 99.9987% acquisition of Penganga Sakhar Karkhana, makes it subsidiary
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Bharatam Ventures (formerly Pet Plastics) completed acquiring 99.9987% equity stake in Penganga Sakhar Karkhana, a sugar firm, for about Rs 1.80 crore (1,49,998 shares at Rs 120 each). Target is now a subsidiary. Strategic diversification into sugar and agro-processing. Target turnover rose to Rs 83.5 cr in FY26 from Rs 33.7 cr in FY25. No related party issues, all closing conditions met.
Likely market impact
Diversifies into growing sugar vertical where target revenue nearly tripled YoY. Small deal size at Rs 1.8 cr but adds a new growth business line.