This has reference to our earlier disclosure dated 8th August, 2018 relating to acquisition of entire stake in Affluence Food Processors Private Limited ('Affluence') held by E.K. Sons Agro Foods ('JV Partner') and the Promoters of Affluence.
In furtherance to the same, please note that the Company has entered into definitive agreement(s) for acquiring the entire stake from the JV Partner and the Promoters of Affluence.
Consequent to the same, Affluence has become a wholly owned subsidiary of the Company.
Further, the Company has also entered into a Termination Agreement dated 6th November, 2018, with the JV Partner pursuant to which the Joint Venture and Shareholders Agreement entered into between the Company and the JV Partner stands terminated.
Kindly take the same on record.