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Gayatri BioOrganics enters into business transfer agreement

Capital Market 

With Bluecraft Agro

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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 28 2016. 12:59 IST