Earlier, the Company through JFN, acquired 100% of Fides Food Systems Coeratief U.A., Netherlands, which holds 32.81% ordinary shares of DP Eurasia.
Accordingly, post acquisition, the Company may indirectly hold upto 49.99% ordinary shares of DP Eurasia.
For funding the acquisition, JFN has a short term borrowing facility in place. Additionally, JFN is also exploring various other options to replace/refinance this short term borrowing facility with a long term facility or other means, as may be appropriate.
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