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Corporate Announcement

Security Code : 519479    Company : OMEAG    
 
Outcome of Board Meeting 16 Sep 2011 14:25
Omega Ag-Seeds Punjab Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 15, 2011, has considered and approved the following business :

- Detailed memorandum on acquisition of stake in blue park sea Foods Pvt. Ltd along with valuation report was placed before the Board meeting for the consideration of the Board of Directors. The Board has discussed in detail all the issues related to valuation of the business, business model, scope of future growth in business, advantages of combining the existing business with the Seafood business etc. The board approved unanimously the proposal to acquire 15 % shareholding in Blue park sea foods Pvt. Ltd for a total consideration of Rs. 750 Lakhs.
 

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