In release issued Subramanian, said, This transaction will ensure that Subhiksha has not got any fresh outlet from this acquisition.
The merger of the two companies is subject to approval from regulatory bodies. The paid up capital Blue Green Constructions and Investments for Rs crore. Subhikshas promoter Subramanian said that Subhiksha has access to capital and will continue to be on the fast track of growth. It will also enhance value for our stakeholders and help us achieve our objective of becoming 5 billion company. At the end of the current financial year Subiksha proposes to expand its retail network to from the present level of outlets.
Subhiksha Trading Services announced the acquisition of per cent stake another Chennaibased retail network and listed entity, Blue Green Constructions and Investments for Rs crore.
Subramanian said that Subhiksha has not got any fresh outlet from
The merger of the two companies is subject to approval from regulatory bodies.
The merger of the two companies is subject to approval from regulatory bodies. That is why we acquired it, he said. Subhikshas promoter Subramanian said that Subhiksha has access to capital and will continue to be on the fast track of growth. Apart from food and grocery, Subhiksha is also Indias largest mobile retailer, according to company release.
Subhiksha Trading Services plans to merge the acquired company with itself, rename the merged entity as Subhiksha and list on BSE and
It will also enhance value for our stakeholders and help us achieve our objective of becoming 5 billion company. At the end of the current financial year to expand its network and also add consumer durables to its product offering. The merger of the two companies is subject to approval from regulatory bodies.
The paid up capital Blue Green Constructions and Investments is Rs crore and the deal has been closed without any premium paid to the seller. Subramanian said that his company will be investing Rs crore in the current financial year to expand its network and also add consumer durables to its product offering.
We expect the turnover to be Rs 4,500 crore from Rs 2,300 reported in the last fiscal, said Subramanian.Share Your CommentsPrint this page Email this Article NEWS TODAYS PAPER OPINION MARKETS Turbulent times Equipped to grow Rough texture Rich gas Fortified to grow Investor bias Bears on the prowl All roads lead south Analysts` corner Markets set to slip further on oil Spices Board sees India`s exports touching 1. 2 billion in More . In release issued Subramanian, said, This transaction will ensure that Subhiksha has not got any fresh outlet from this acquisition.
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