Top Searches
Advertisement

Commercial Syn Bags Tightens Its Hold with Revised ₹58-Per-Share Pharma Play

Updated: April 24, 2025 22:35

Image Source: Equity Bulls
Commercial Syn Bags Ltd has announced a revision in the terms of its acquisition agreement with Erawat Pharma, executing an addendum to the Share Purchase Agreement (SPA) to reflect the updated deal structure and consideration.
 
Key Highlights:
  • The total consideration for the acquisition has been revised to ₹55.1 million, reflecting an increase in the transaction value.
  • The per-share consideration price for acquiring Erawat Vegcap, a wholly owned subsidiary of Erawat Pharma, has been revised upward to ₹58 per share.
  • This revision comes through an official addendum to the original SPA, ensuring all parties are aligned on the new terms.
  • The deal involves the acquisition of 950,000 equity shares of Erawat Vegcap, which operates in the plastic products, packaging, pharmaceutical, and healthcare sectors.
Erawat Vegcap, though incorporated in April 2022, has not commenced business operations, making this a strategic move for Commercial Syn Bags to expand its footprint and diversify its business interests.
 
The acquisition is expected to be completed by May 15, 2025, after which Erawat Vegcap will become a wholly owned subsidiary of Comsyn India, with Commercial Syn Bags as the ultimate holding company.
The transaction is not classified as a related party deal, and none of the promoters or group companies of Commercial Syn Bags have any direct or indirect interest in Erawat Vegcap.
 
This strategic acquisition is aimed at business expansion, diversification, and value creation for shareholders, further strengthening Commercial Syn Bags’ presence in both packaging and healthcare sectors.
 
Source: Business Standard

Advertisement

STORIES YOU MAY LIKE

Image Source: PHD Chamber
PHDCCI Pushes for MCA Hub in Chandigarh: A Gamechanger for North India’s Business Compliance
Image Source: Economic Times
GCC Growth Story: India to Create Over 100,000 Entry-Level Jobs by 2030
Image Source: Karnasandhan.com
ICSI CSEET Admit Card 2025 Released: Download Your Ticket to Success Now!
Advertisement
Image Source: Hindustan Times
Dad’s Blues, Kids’ Clues: Study Links Fathers’ Mental Health to School Disobedience
Image Source: Kabar
Kyrgyzstan Secures $500 Million Boost: Korea's EXIM Bank Backs Bold Economic Leap
Image Source: DD News
India’s $25 Billion Tool Boom: Can the Nation Become a Global Powerhouse by 2035?
Image Source: POWEROAD
Plugged In and Powered Up: Home Energy Storage Market Rockets to $72.87 Billion by 2031
Advertisement
Live Blogs
Excuses Out, Action In: Rayudu Tells Pant to Lead from the Front After LSG’s Latest Slip
From Wicketkeeper to Benchwarmer: Why Sanju’s Off the Pitch Tonight
Sunrisers Dim at the Bottom, While Mumbai Strikes Gold with 2 Crucial Points
Power Playmakers: Wadhera Credits Ponting & Iyer for PBKS' Royal Rumble Over KKR
Top Stories
Image Source: Times Of India
Samsung’s Strategic Shift: India Emerges as New Manufacturing Hub Over Vietnam
Image Source: PR Newswire
Motilal Oswal Launches Infrastructure Equity Fund to Tap India’s Growth Surge
Image Source: Live Mint
Smart, Simple, and Sensible: Why Window ACs Remain India’s Coolest Choice
Image Source: OdishaTV
BMC’s Self-Run Fuel Station to Drive Down Costs, Boost Efficiency in Bhubaneswar
Advertisement
Advertisement

Follow WOWNEWS 24x7 on:

Copyright 2024 WOWNEWS 24x7. All rights reserved. The WOWNEWS 24x7 is not responsible for the content of external sites. Read about our approach to external linking.

Powered By Just Imagine