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Nureca LimitedJV/Acquisition, 18-12-2024: Acquisition

18-12-2024 | 06:54 pm

Nureca Limited has acquired shares in ITC Limited, Bajaj Finance Limited, Yes Bank Limited, and HDFC Bank Limited for strategic investment purposes. The total transaction value, including previous acquisitions, has surpassed materiality thresholds. The acquisitions involve purchasing equity shares of 5,000 in ITC, 5 in Bajaj Finance, 1 lakh in Yes Bank, and 7,500 in HDFC Bank, at prices ranging from Rs. 0.004 cr to Rs. 1.38 cr per share. This move aims to enhance market position and diversify investments without any related party transaction implications, potentially driving shareholder value through increased financial stability.

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