Sat Kartar Life Limited To Acquire Additional Stake, Making Plantomed Nutraceuticals A Wholly Owned Subsidiary
Sat Kartar Life Limited, formerly known as Sat Kartar Shopping Limited, has approved the further acquisition and investment in its subsidiary, Plantomed Nutraceuticals Private Limited. This strategic move entails acquiring an additional 24% stake, which will establish Plantomed Nutraceuticals as a wholly owned subsidiary of the company.The acquisition aims to give the company 100% control over Plantomed Nutraceuticals Private Limited, thereby enabling Sat Kartar Life Limited to better align operations with its long term vision. Management stated that the transaction is expected to help the company achieve brand consolidation and facilitate product expansion.
The core business of the acquired entity revolves around Ayurveda, Unani, and nutraceuticals, focusing on providing natural wellness solutions related to specific therapeutic areas and general lifestyle products to promote a healthier lifestyle.
Acquisition Details
The transaction is structured as follows:| Detail | Description |
|---|---|
| Target Entity | Plantomed Nutraceuticals Private Limited |
| Status Change | Acquisition of additional 24% stake, resulting in wholly owned subsidiary status. |
| Consideration | Cash Consideration |
| Cost of Acquisition | 1,21,00,000/- (subject to final adjustments) |
| Expected Closure Date | May 15, 2026 |
| Final Holding Percentage | 100% of the paid-up equity share capital |
| Related Party Status | The transaction is between the Holding Company and Subsidiary Company. |
Background of Plantomed Nutraceuticals Private Limited
Plantomed Nutraceuticals is described as an Ayurveda healthcare company committed to natural wellness. The company's primary objects include Ayurveda, Unani, and nutraceuticals and pharmaceutical preparation.Regarding its financial history and presence:
| Financial Metric | Data |
|---|---|
| Turnover (FY 23-24) | 1,94,98,266 |
| Country of Presence | India |
SATKARTAR Stock Price Movement
Shares of Sat Kartar Shopping Limited on Friday slipped by 0.88% to settle at ₹185.1. The stock finished the session with a volume of 28,800 shares, closing considerably below its previous day's close of ₹186.75.Source:
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