Integra Essentia to acquire substantial stake in BBPL
The agro-product division of the company recently received a fresh order worth Rs 18 crore.
Integra Essentia Limited, a company that is engaged in the business of life essentials, has decided to acquire an additional substantial stake in Brewtus Beverages Pvt Ltd (BBPL). The company said that it has plans to invest and provide for upto Rs 100 million towards growing the business in BBPL.
"The company has decided to acquire an additional substantial stake in M/s Brewtus Beverages Private Limited (BBPL), which is currently an associate concern with Integra Essential holding about 25.76 % of the equity acquired during Q2 FY2024. The Company after the additional enhancement in stakes will hold about 51% of BBPL, making it a Subsidiary concern," the company said.
It is of the view that BBPL has an exponential potential to add considerable numbers to the gross revenue numbers for Integra Essentia from the lifestyle beverages business division.
Integra Essentia - which is engaged in the business of Life Essentials i.e. food, clothing, infrastructure and energy - is also eyeing various options to enhance its footprint in the relevant business segment along with the life essentials via acquisitions, mergers and other options.
The agro-product division of the company recently received a fresh order worth Rs 18 crore. The company said that the new order will take the consolidated order book to Rs 300 million and will be completed within the current year.
The company with the existing order book, sourcing and execution of supplies plan, is achieving an overall growth of about 25 per cent during the current fiscal, on a year-on-year (YoY) basis. Meanwhile, Integra Essentia has reported a net profit of Rs 7.52 crore for the September quarter, aided by higher income.
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