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The consideration for this acquisition is set as an upfront payment plus performance and milestone-based earn-outs over the next four years.

The accepted offer of the Project is Rs692.50 crore.

For the CY21, the company’s profit jumped 28.28% to Rs68.05 crore.

Business Wire India Funds will boost the expansion plan of the group. Fuel inorganic growth as the group plans to double number of stores in the next 2 years. To set up indigenous e-commerce business thereby becoming omni-channel players in the sector. Group operating value retail chain 1-India Family Mart, has raised Series B funding of INR 500 million from Dubai-based Gulf Islamic Investments (GII). […]

The company has also extended the lay-off period of 03 workmen out of 78 workmen till April 15, 2022, at the same unit.

The credit rating agency has reaffirmed the rating on the short-term commercial paper program.

Development of Kharaba land into CFS in Joint Venture with Gujarat Government.

Here is the stock market performance at 11:30 AM today.

The Company intends to fund the investment through cash on the balance sheet.

Markets made massive gains due to positive cues with all sectoral indices trading in the green. Also, the performance comes as markets enter into the March futures & options (F&O) series.