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South Asian Enterprises completes acquisition of 60.34% stake in Chai Thela

The current market cap of the company is Rs6.92cr.

August 24, 2021 3:12 IST | India Infoline News Service
Stock Market Trader, Stock Trader, Trading
South Asian Enterprises Ltd has completed the acquisition of 7359 of equity shares consisting of 60.34% of Equity Capital of Chai Thela Private Limited ("CTPL").

It has completed the aquisition at the price approved by the Board involving outlay of about Rs29 lakh.

"With the acquisition of aforesaid Equity on August 23, 2021, CTPL has become the subsidiary of the Company from the same date", said company.

At around 3:10 PM, South Asian Enterprises was trading at Rs17.10 apiece down by Rs0.2 or 1.16% from its previous closing of Rs17.30 apiece on the BSE.

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