Shree Ajit Pulp and Paper Limited (BSE:538795) agreed to acquire Unit II of N R Agarwal Industries Limited from N R Agarwal Industries Limited (BSE:516082) on October 14, 2021. The indicative time period for completion of the sale is February 28, 2022 or such other date as may be agreed by the parties in writing but not later than March 31, 2022. As of March 31, 2022, the Indicative time period for completion of the sale is being extended to not later than April 30, 2022. The transaction is subject to necessary Regulatory approvals and execution of Asset Transfer Agreement.

Shree Ajit Pulp and Paper Limited (BSE:538795) completed the acquisition of Unit II of N R Agarwal Industries Limited from N R Agarwal Industries Limited (BSE:516082) on March 14, 2023.