BSECompany Update▲ PositiveM&A22 Jun 2026
Suraj Industries Ltd
Update on Acquisition.
Suraj Industries Ltd. has completed the acquisition of equity shares in Carya Chemicals & Fertilizers Private Limited by converting an outstanding unsecured loan of approximately ₹25 crore into 1,05,04,201 equity shares at an issue price of ₹23.80 each. This transaction increases Suraj Industries' shareholding in CARYA from 95.44% to 96.06%, thereby enhancing control over its material subsidiary. CARYA, operating in the breweries and distilleries sector, has commenced commercial operations of its bottling plant and is constructing a distillery. The acquisition, confirmed as a related-party transaction, was executed at arm's length based on a valuation report and received necessary approvals.
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