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Board of ABans Enterprises approves acquisition of promoter owned entity and change in CFO

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Capital Market

At meeting held on 13 December 2019

The Board of ABans Enterprises at its meeting held on 13 December 2019 has approved the acquisition of Lifesurge Biosciences, an entity owned by the company's promoter and MD, Abhishek Bansal and Shriyam Bansal, non executive director at an aggregate consideration of Rs 1 lakh only.

The Board also approved appointment of Nirbhay Vassa as CFO with effect from 14 December 2019 in place of Karan Jain.

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First Published: Dec 13 2019 | 3:29 PM IST

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