Valor Estate Arm To Acquire Sahyadri Agro For ₹111.4 Million Via Share Deal

Valor Estate on Tuesday said its step-down subsidiary, Horizontal Ventures, will acquire the remaining 23.4% stake in Sahyadri Agro and Dairy through a share purchase agreement.

Horizontal Ventures will buy 1.65 million shares at ₹67.31 each, totalling ₹111.4 million.

Following the acquisition, Sahyadri Agro will become a wholly-owned unit of Horizontal Ventures and continue as Valor Estate’s step-down subsidiary. Horizontal Ventures already owns 76.6% of Sahyadri Agro, the filing said.