Gufic Biosciences Limited — JV/Acquisition, 29-05-2026: Acquisition

Gufic Biosciences (GUFICBIO) has approved a further investment of Rs 5.75 Cr in Saraswat Co-operative Bank, subscribing to 57.5 lakh new shares. This move aims to strengthen Gufic's existing banking relationship with Saraswat Bank, which provides its business with credit facilities. The investment, bringing Gufic's stake to approximately 1.80%, is also part of its treasury management strategy, potentially offering long-term benefits through investment appreciation and dividend income.