Dhampur Bio Organics Acquires 74% Stake in DBION Private Limited
Dhampur Bio Organics Limited has completed the acquisition of a significant stake in DBION Private Limited, which was formerly known as Sonitron Chemicals Private Limited. The move establishes DBION as both a subsidiary and a joint venture company under an agreement with Orgonew Private Limited.The acquisition involved purchasing 7400 equity shares at a rate of Rs. 10 each, amounting to a total investment of Rs. 74,000. This transaction grants Dhampur Bio Organics Limited 74% of the paid-up equity share capital in DBION Private Limited.
Consequent to this strategic acquisition, DBION Private Limited is positioned as a joint venture company with Orgonew Private Limited, solidifying its relationship within the corporate structure of Dhampur Bio Organics Limited.
DBOL Stock Price Movement
On Thursday, Dhampur Bio Organics Limited shares edged higher, gaining 0.93% or ₹1.02 to settle at ₹109.80. The stock traded on a volume of 30,863 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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