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Incorporated in 2010, Goyal Salt Limited is engaged in the business of refining raw salts procured from sub-soil brine in the state of Rajasthan for use as industrial salts and edible salts.
Goyal Salt is boosting its subsidiary, Goyal Foods Industries Private Limited, by subscribing to 4,59,000 equity shares in a rights issue. This investment, valued at Rs. 0.459 Cr, will secure Goyal Salt a 51% stake in the newly formed subsidiary. The capital will fund Goyal Foods' crucial capital expenditure and...