Belgaum based Sugar Industrialist Lava Ramesh Katti elonging to reputed Katti family, is acquiring 1,36,50,000 equity shares of HKG Ltd through open offer, after which Lava Ramesh Katti will take over control of HKG Ltd (BSE 539097).
The open offer opens on September 23, 2022 and will close on October 07, 2022.
Recently Lava Ramesh Katti has been Appointed as Managing Director of the company effective September 09, 2022.
Sometime back the Company had successfully participated in the auction conducted towards Shivsagar Sugar and Agro Products Limited, to acquire Sugar Mill, Co-Gen Plant, Ethanol Plant, Office Building, Godown and Guest House.
Bank has awarded in-principle letter for the same.
