Parle Industries Ltd

💰 Parle Industries Subsidiary GVTPL Raises Funds Through Strategic Right Issue

• Golden-Valley Treasure Park Pvt Ltd (GVTPL), a subsidiary of Parle Industries Ltd, raised funds through a Right Issue Offer to strategic investors

• Strategic investors Eaugu Udyog Ltd and Mantra Traders Pvt Ltd were allotted shares but will not have management control

• Post-allotment shareholding: Parle Industries Ltd (33% with sole management control), Eaugu Udyog Ltd (33% with no control), Mantra Traders Pvt Ltd (17% with no control)

• Shares allotted to strategic investors are held for sale, with first right of refusal given to Parle Industries Ltd