V-Guard Industries has finished the acquisition of a hundred% shareholding of Sunflame Enterprises Pvt Ltd for an aggregate attention of Rs. 680.33 crores computed after the ultimate adjustment as described within the Share Purchase Agreement dated December 9, 2022. Out of the entire consideration computed, an mixture amount of Rs. 25 crores will be paid to the promoting shareholders after years from the date of closure.
Accordingly, Sunflame Enterprises Pvt. Ltd has come to be a Wholly Owned Subsidiary of the Company with impact from January 12, 2023.
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