Announced Tue, 23 Jun · 16:27 IST
SVA India makes Aussee Oats Milling its wholly owned subsidiary
Price
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Price reaction · full curve
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AI summary
SVA India Ltd acquired the remaining 50% stake in associate Aussee Oats Milling Pvt Ltd, making it a 100% wholly owned subsidiary effective June 23, 2026. The deal covers 2.94 crore equity shares and 1.14 crore preference shares. Aussee, based in Sri Lanka, manufactures and exports oats-based products with FY25-26 turnover of USD 14.78 million. This is a related party transaction at arm's length, paid in cash per valuation reports.
Likely market impact
Full ownership gives SVA India complete control over its overseas oats business and consolidates USD 14.78 million turnover on its books.