Banganga Paper Industries Ltd — Important, 17-02-2026: Company Update

Asgard Alcobev has completed the acquisition of a 78.90% stake in CMJ Breweries Private Limited, the largest brewery in Northeast India with a FY24-25 turnover of ₹2,520.02 Cr. This strategic move diversifies the company into alcoholic beverages. The acquisition involved a share swap valued at ₹219.04 Cr, for which Asgard Alcobev allotted 15.11 crore equity shares at ₹1.45 each. Additionally, the company allotted 3.90 crore equity shares and 2.20 crore convertible warrants, both for cash, to public investors. This transaction has also triggered an open offer, potentially reclassifying the acquirers as company promoters.