Gloster Ltd to Invest 49% in New SPV for Jute Bag Manufacturing
Gloster Limited announced a strategic decision by its Board of Directors to invest in and subscribe to a 49% equity stake in a Special Purpose Vehicle (SPV) that is yet to be incorporated. This SPV wi...
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Why is Gloster Limited in the news today?
Gloster Limited (GLOSTERLTD) is in the news due to the company is making a strategic investment to expand its business operations in a related sector, which is generally viewed positively.
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Gloster Ltd to Invest 49% in New SPV for Jute Bag Manufacturing
December 31, 2025, 01:34 PM
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Gloster Limited announced a strategic decision by its Board of Directors to invest in and subscribe to a 49% equity stake in a Special Purpose Vehicle (SPV) that is yet to be incorporated. This SPV will focus on the cost-efficient manufacturing and supply of high-quality jute gunny bags.
The Board of Directors convened on December 31, 2025, with the meeting commencing at 4:15 p.m. and concluding at 5:30 p.m. The proposed investment will not fall under related party transactions initially, but the SPV will become an associate company and a related party post-acquisition.
The SPV will operate within the jute industry, aiming to enhance the production and supply of jute gunny bags. The first tranche of the investment is tentatively scheduled for completion by March 31, 2026. The estimated cash consideration for the acquisition is approximately ₹5 crore, payable in one or more tranches. Gloster Limited will acquire a 49% equity stake in the SPV. Further updates will be provided once the SPV is officially incorporated.
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