Anil Ltd has informed BSE that Anil Life Sciences Ltd (wholly owned subsidiary of Anil Ltd.) has acquired the assets alongwith the running business of Siddhi Vinayak Agro Industries Private Limited (SVAIPL) having plant and facilities at Chindwara- Madhya Pradesh for a cash consideration of INR 46 cr.
SVAIPL has a capacity of 150TPD Grind and the acquisition will add significant value to the existing Corn wet milling business of Anil. lt brings in a number of strategic advantages apart from providing accelerated growth avenues. The unit is strategically located in a corn belt in central India providing access to North, East and South markets.
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