Sugar Industrialist Mr Katti To Acquire Stake in HKG Ltd through Open Offer

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Published on : 03 Oct, 22 05:10

Sugar Industrialist Mr Katti To Acquire Stake in HKG Ltd through Open Offer

Udaipur : Belgaum based Sugar Industrialist  Mr Lava Ramesh Katti  belonging to reputed Katti family, is acquiring 1,36,50,000 equity shares of HKG Ltd through open offer,afterwhich 

Mr.  Lava Ramesh Katti will take over control of HKG Ltd.(BSE 539097)The open offer opens on 23rd September 2022 and will close on 7 October 2022.

Recently Mr.  Lava Ramesh Katti has been Appointed as Managing Director of the company effective 9th September 2022.

Sometime back the Company had successfully participated in the auction conducted towards Shri Shivsagar Sugar and Agro Products Limited, to acquire Sugar Mill, Co-Gen Plant, Ethanol Plant, Office Building, Godown and Guest House.

Bank has awarded in-principle letter for the same.

 


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