ALSO READGayatri BioOrganics to hold board meeting Gayatri BioOrganics submits report to BIFR Gayatri BioOrganics reports standalone net loss of Rs 19.95 crore in the September 2016 quarter Gayatri BioOrganics reports standalone net loss of Rs 23.22 crore in the March 2016 quarter Gayatri BioOrganics to hold AGM
With Bluecraft AgroGayatri BioOrganics has entered in to Business Transfer Agreement for transferring its business of manufacturing and selling starch, sorbitol and other by products along with selling its units i.e. Unit-I Situated at NH-9, Nandikandi Village, Sadasivapet Mandal, Medak District, Telangana and Unit-II Situated at Balabadrapuram Village, Biccavole Mandal, East Godavari District, Andhra Pradesh on a "Slump Sale" basis.
In the process the Company has identified Bluecraft Agro, a company registered under the Companies Act, 2013, having its registered office at 9, Ambalal Park, Jawahar Chowk, Sabarmati, Ahmedabad, Gujarat- 380005 as Potential Purchaser to complete the slump sale for a consideration of Rs. 1001/-, subject to fulfillment of conditions precedent as per the Business Transfer Agreement.
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