PICCADILY AGRO INDUSTRIES LTD. - Purchased 89% shareholding of M/s. Nirvana Biosys (P) Ltd
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| 25 Feb 2014 | |
| Piccadily Agro Industries Ltd has informed BSE that Company has purchased 89% shareholding of M/s. Nirvana Biosys (P) Ltd, which has become a subsidiary of Piccadily Agro Industries Limited.<br/><br/>M/s. Nirvana Biosys (P) Ltd incorporated in the year 2008 has set up a plant of winery at Bawal, Distt. Rewari in the State of Haryana as a joint venture with E.C. Oxenham and CY. Ltd lle, Maurice-winemakers for over 75 years with a French Lineage. The Company has a distinction of setting up of a first such winery in the Northern India.<br/><br/>M/s. Nirvana Biosys (P) Ltd is committed to producing affordable table wines for the Indian markets that are comparable to French and Italian Levels and has also introduced other unique variants that have never before produced in this region. The range includes Red, white, Sparkling, Port, Lychee, Mango , Rose and Herbal wines.<br/><br/>The products of Company are selling in more than 12 states of India along with various CSD canteens. This will enable the Company to expand the product range of the Company and will substantially affect the profitability of the Company. | |
| View all announcements for PICCADILY AGRO INDUSTRIES LTD. | Source: BSE India |
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