SJS Enterprises Merger & Restructuring Worth ₹5 Cr
S.J.S. Enterprises invested ₹5 Crore in its wholly owned subsidiary SDEPL via a rights issue, consistent with previously approved investment limits.
- Value
- ₹5.00 Cr
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S.J.S. Enterprises invested ₹5 Crore in its wholly owned subsidiary SDEPL via a rights issue, consistent with previously approved investment limits.
S.J.S. Enterprises Limited has incorporated a new wholly owned subsidiary named SJS Display Electronics Private Limited to manufacture and assemble displays for various applications.
S.J.S. Enterprises Limited will incorporate a new wholly-owned subsidiary for automotive and consumer display manufacturing. The company plans to invest up to ₹10 Crore in cash.
S.J.S. Enterprises will acquire the remaining 9.9% stake in its subsidiary, Walter Pack Automotive Products India, for ₹19.92 Crore. This transaction makes WPI a wholly-owned subsidiary.
S.J.S. Enterprises Limited has completed the subscription of 28,800 equity shares in DB Renews Private Limited, representing a 2.08% stake for ₹0.72 Crore.
S.J.S. Enterprises sold a subsidiary unit for ₹58.50 Crore in an all-cash transaction. This strategic disposal to a non-promoter buyer streamlines the company's asset portfolio.