NewsCorporate ActionsCDG Petchem Limited Acquires Majority Stake in Jujhar Logistic and Travels LimitedCDG Petchem Limited Acquires Majority Stake in Jujhar Logistic and Travels Limited
CDG Petchem Limited has acquired a 51% stake in Jujhar Logistic and Travels Limited through a subscription of 10,410 equity shares. This acquisition, initially proposed on April 8, 2025, makes Jujhar Logistic and Travels a subsidiary of CDG Petchem. The company has informed BSE Limited about this development in compliance with SEBI regulations. Manoj Kumar Dugar, Managing Director of CDG Petchem, confirmed the completion of the transaction.
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CDG Petchem Limited has successfully completed a significant corporate action, acquiring a 51% stake in Jujhar Logistic and Travels Limited. This strategic move marks a notable expansion in CDG Petchem's business portfolio and establishes Jujhar Logistic and Travels Limited as its subsidiary.
Transaction Details
The acquisition was executed through a subscription to 10,410 equity shares of Jujhar Logistic and Travels Limited. This transaction, which was initially proposed on April 8, 2025, has now reached its conclusion, as confirmed by CDG Petchem Limited in its recent communication to the BSE Limited.
Key Points of the Acquisition
| Aspect | Details |
|---|---|
| Acquiring Company | CDG Petchem Limited |
| Acquired Company | Jujhar Logistic and Travels Limited |
| Stake Acquired | 51% of post-issue share capital |
| Method of Acquisition | Subscription to 10,410 equity shares |
| New Status of Acquired Company | Subsidiary of CDG Petchem Limited |
| BSE Scrip Code | 534796 |
Regulatory Compliance
The company has duly informed the BSE Limited about this development, adhering to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This timely disclosure ensures transparency and keeps the stakeholders informed about significant changes in the company's structure.
Management Statement
Manoj Kumar Dugar, Managing Director of CDG Petchem Limited, has officially confirmed the completion of this transaction. The formal communication to the stock exchange underscores the company's commitment to regulatory compliance and shareholder transparency.
This acquisition represents a significant move for CDG Petchem Limited, potentially expanding its operational capabilities and market presence.
