Arrhum Tradelink Private Limited announced a letter of acceptance to acquire Vimal Oil & Foods Limited for approximately INR 700 million.

Arrhum Tradelink Private Limited announced a letter of acceptance to acquire Vimal Oil & Foods Limited (BSE:519373) for approximately INR 700 million on December 4, 2020. Arrhum Tradelink Private Limited emerged as a highest bidder under the E-Auction. Manoj Khattar of RBSA Restructuring Advisors LLP acted as liquidator to Vimal Oil & Foods Limited.

RBSA Valuation Advisors LLP acted as financial advisor to Vimal Oil & Foods.