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๐ค STRATEGIC DEAL / M&A | #GANESHBE-BE ๐ค #Cisternina
Ganesh Benzoplast has signed an agreement to divest its liquid storage terminal and rail logistics business to KKR-backed Cisternina for โน1,154 crore. This transaction aims to enhance GBL's liquidity and refocus on its specialty chemicals segment.
โข Transaction Value: โน1,154 crore.
โข The divestment is subject to regulatory and shareholder approvals, transforming GBL from an asset operator to a cash-rich holding entity.
#GANESHBE-BE #Cisternina #Infrastructure #Nifty #StockMarketIndia #StocksToWatch #StocksInFocus
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