Execution of Share Purchase Agreement, Shareholders' Agreement, Power
As filed · Gujarat Alkalies and Chemicals Limited has informed the Exchange about General Updates. We would like to inform you that the Company has executed Share Purchase Agreement and Shareholders' Agreement a
What happened
FactExecution of Share Purchase Agreement, Shareholders' Agreement, Power. Chemicals Limited (GACL), Fourth Partner Energy Private Limited and Special Purpose Vehicle. As per the Share Purchase Agreement, GACL will acquire 26% (twenty-six percent).
Why it matters
CapitSignal interpretationAn acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
WithdrawnThe Board of Directors also granted in-principle approval for one more HCL synthesis Unit at Dahej with approximate project cost of Rs.55 Crores.
Further, the Board has already approved to establish Phosphoric Acid plant at Dahej and therefore, the additional HCL to be generated from this HCL synthesis Unit would be utilized in the said Phosphoric Acid Plant.
Change
FactImplication
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Fact- Consideration and how it is funded
- Revenue and profit of the target
- Expected completion date
Evidence
How CapitSignal classified this
- Reasoning:
- ACQUISITION base 74; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%